There are a lot of valid reasons why millenials are 'in trouble' ...
1. College tuition has skyrocketed relative to inflation so there student loans are far more burdensome than previous generations.
2. Housing is essentially not affordable without two incomes at this point in most locations.
3. If they want to put their kids through college, it will cost (for a kid born now) roughly $180k per child for in-state tuition. Tough to save for retirement if you want to save for your kids' tuition and you are still paying off your own student loans. (The best plan is to save for retirement first - but new parents frequently ignore that)
4. Until recently, the job market wasn't very good in a lot of places. It is far better now but missing early years of retirement savings can really hurt your bottom line come retirement time.
5. What will Social Security look like when they retire? Not sure what it will look like in 10 years when I retire but probably not what it is now.
6. They are all lazy and entitled snowflakes. (haha - just kidding. Wanted to see if anyone read this far. I work with tons of millenials and for the most part they all work very hard).
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In response to this post by HokieForever)
Posted: 05/16/2018 at 09:35AM