Friday, October 16, 2015

16/101/5: Millennials: A Power Poverty Gap?


Having discussed the plight of the Millennials' Generation in global context on numerous occasions, I am too familiar with the problems faced by the current 'younger' middle of demographic pyramid. Hence, not surprisingly, I found this article http://www.independent.ie/opinion/ireland-forces-young-people-to-delay-lifes-milestones-31599496.html to be quite a reasonable summation of the modern reality in which the current younger generations can no longer expect to have better quality of life (measured by more traditional metrics) than their predecessors.

I will ignore the set of prescriptive policies at the end of the article - some make sense, others largely represent well-intentioned economic sentimentality. But the key issue is an important one.

And here is a counter-part piece on the Millennials trends in the U.S.: http://www.nielsen.com/us/en/insights/reports/2015/millennials-in-2015-financial-deep-dive.html.

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