Summary of Millennials Are Screwed

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If you believe the hype, millennials are self-absorbed baristas with useless liberal arts degrees still living at home with their parents. HuffPost Highline writer Michael Hobbes portrays a different story. Many more millennials support themselves than lean on their parents. They’ve come of age in an economy where they’re more likely to experience unstable employment and live in poverty. Hobbes gives a comprehensive look at the challenges millennials face in reaching financial stability and provides a workable list of solutions. getAbstract recommends this sobering but ultimately optimistic piece to young adults and policy makers.

In this summary, you will learn

  • What obstacles stand in the way of millennials achieving the financial stability of generations before them;
  • How a stable, high-paying job and attainable homeownership have become pipe dreams for many young people; and
  • What policy changes will guarantee millennials a more stable future. 
 

About the Author

Seattle-based millennial Michael Hobbes is a contributing writer for HuffPost Highline.

 

Summary

Stereotypes call millennials entitled. However, many in their generation – 75 million Americans born between 1982 and 2004 – are struggling. They face student debt 300% larger than their parents’ and are half as likely to be homeowners as people their age were in 1975. Factors including stagnant salaries, weak safety nets and rising living costs may make millennials the “first generation in modern history to end up poorer than [their] parents.”


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