Perfect storm of financial factors besetting millennials

[Deacon923]

This piece is about Canada but I think a lot of the math and overall situation applies pretty closely to young people in America as well.

http://www.strongtowns.org/journal/2016/3/4/squeezed-out?utm_content=bufferc101d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

 

[BobStackFan4Life]

Millennials spending more and more money on education for worse and worse entry level jobs:

Summing up: Today’s young-person problem does not seem to be about a lack of jobs or a lack of participation. It is, rather, a lack of good jobs, a dearth of raises, and a shortage of opportunities for this historically educated generation to put its historic number of degrees to work.

For all its improvements, the labor market is just not creating enough high-quality jobs for young people to absorb all of these newly minted college grads in jobs that are historically “college jobs.” In the long run, there are plenty of reasons to expect the most educated generation in American history to do awesome things in their 30s. But in the meantime, get used to the most brilliant generation of baristas, salespeople, and waiters in American history.

http://www.theatlantic.com/business/archive/2015/05/the-new-normal-for-young-workers/393560/?utm_source=atlfb

 

[PhDeac]

All the more reason education should be focused identifying students' strengths and encouraging them to be creative about how they can use their skills in an entrepreneurial way in the marketplace. There's no point teaching kids how to work for someone else and make them rich if the goal is to eventually not have to pay anybody at all. The job creators don't want to create jobs.