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30 years of economic policies detract from Generation Y's financial prospects: Do millenials have the opportunities to be as financially successful as their parents did?

30 years of economic policies detract from Generation Y's financial prospects: Do millenials have the opportunities to be as financially successful as their parents did?
  • Millenials have the same opportunities as their parents

    Millenials have the same opportunities as their parents to be financially successful. Although burdened with student debt, many are well-educated. They are also motivated, despite press reports to the contrary. The generation is not lazy. Millenials are tech-savvy, which will be beneficial as our economy continues to expand into an informational society.

  • Might not be so

    What distinguishes Millennials from other generations is the historic student loan debt that the generation carries, which in turn has meant that Millennials have had less access to full-time jobs and wealth than previous cohorts.It all depends on whether the Economy continues to strengthen and the Millenials could be successful

  • Same opportunities not present

    It would be naive to think that Millenials necessarily have the same opportunities as their parents. Worldwide austerity and budgetary insecurity are just two of the new realities faced by Millenials that were not necessarily limiting their parents in the same way. A true and frank discussion of the differences would be beneficial.

  • It's much more difficult

    To qualify this argument, there are exceptions to the rule. But as a whole, millenials are getting the short end of the stick. They come into the job market with student loans. Then they enter the job market with salaries that don't keep up with inflation. On top of that, costs keep rising. In places where jobs are plentiful for millenials, housing costs are exorbitant. If it's less expensive to live somewhere, the good jobs aren't there. It creates a no win situation except for the people taking their money.


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