Ten Ways Young Adults Have It Worse

Alex Henderson offers ten reasons why the Millennial generation is worse off than older adults (I am a Baby Boomer).

1. A dying middle class

2. The financial crash of September 2008

3. Crushing student loan debt

4. The broken healthcare system

5. The post-9/11 surveillance state

6. Endless war

7. Painfully low interest rates

8. Bailouts and the federal deficit

9. The George W. Bush administration

10. Unlikely homeownership

Update (September 20):  Edward McClelland reviews the demise of the middle class in the United States.

Update (December 2):  Tim Donovan bemoans the indifference toward climate change and notes that the younger generation who will bear the brunt of the coming disaster has little political influence or economic means to do anything about it.

Update (January 20, 2014):  Without comment.  "Employees Face Growing Pressure to Relax".

Update (March 31, 2014):  Households headed by someone 40 years old or younger remain 30 percent below the real level of wealth in 2007 while households of older people have recovered.

Update (April 13, 2014):  A New York Times editorial asks "Recovery for Whom?"  It points out that the age cohort of 25 to 34 is worse off than previous generations and will feel the impact of the Great Recession throughout their lives.

Update (March 1, 2019):  Young adults face a dismal economic future.

According to the New York Federal Reserve Consumer Credit Panel, debt for Americans between the ages of 19 and 29 exceeded $1 trillion at the end of 2018, the highest that number has been since late 2007.