{"id":1483,"date":"2014-11-12T09:10:50","date_gmt":"2014-11-12T14:10:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1483"},"modified":"2014-11-12T09:10:50","modified_gmt":"2014-11-12T14:10:50","slug":"24-reasons-why-millennials-are-screaming-mad-about-our-unfair-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1483","title":{"rendered":"24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy"},"content":{"rendered":"<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/24-reasons-why-millennials-are-screaming-mad-about-our-unfair-economy\">24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy<\/a>.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">Do you want to know why Millennials seem so angry?\u00a0 We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the &#8220;American Dream&#8221;.\u00a0 We told them not to worry about accumulating very high levels of student loan debt because there would be good jobs waiting for them at the end of the rainbow once they graduated.\u00a0 Well, it turns out that we lied to them.\u00a0 Nearly half of all Millennials are spending at least half of their paychecks to pay off debt, more than 30 percent of them are living with their parents because they can&#8217;t find decent jobs, and this year the homeownership rate for Millennials sunk to a brand new all-time low.\u00a0 When you break U.S. adults down by age, our long-term economic decline has hit the Millennials the hardest by far.\u00a0 And yet somehow we expect them to bear the burden of providing Medicare, Social Security and other social welfare benefits to the rest of us as we get older.\u00a0 No wonder there is so much anger and frustration among our young people.\u00a0 The following are 24 reasons why Millennials are screaming mad about our unfair economy&#8230;<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\"><strong>#1<\/strong>\u00a0The current savings rate for Millennials is\u00a0<a style=\"color: #4f809e; font-weight: bold; text-decoration: none;\" title=\"negative 2 percent\" href=\"http:\/\/money.cnn.com\/2014\/11\/10\/pf\/millennials-negative-savings\/index.html?hpt=hp_t4\" target=\"_blank\">negative 2 percent<\/a>.\u00a0 Yes, you read that correctly.\u00a0 Not only aren&#8217;t Millennials saving any money, they are actually spending a good bit more than they are earning every month.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\"><strong>#2<\/strong>\u00a0A survey\u00a0<a style=\"color: #4f809e; font-weight: bold; text-decoration: none;\" title=\"a newly released survey\" href=\"http:\/\/money.cnn.com\/2014\/06\/11\/pf\/millennials-debt\/index.html?iid=HP_LN\" target=\"_blank\">conducted earlier this year<\/a>\u00a0found that 47 percent of all Millennials are using at least half of their paychecks to pay off debt.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\"><strong>#3<\/strong>\u00a0For U.S. households that are headed up by someone under the age of 40, average wealth is still\u00a0<a style=\"color: #4f809e; font-weight: bold; text-decoration: none;\" title=\"about 30 percent\" href=\"http:\/\/www.bloomberg.com\/news\/2014-03-31\/millenials-mired-in-worth-gap-as-elder-americans-recoup-wealth.html\" target=\"_blank\">about 30 percent<\/a>\u00a0below where it was back in 2007.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy. Do you want to know why Millennials seem so angry?\u00a0 We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the &#8220;American Dream&#8221;.\u00a0 We told them not to worry about accumulating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,246,1066],"class_list":["post-1483","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-economy","tag-millenials"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1483"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1483\/revisions"}],"predecessor-version":[{"id":1484,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1483\/revisions\/1484"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}