Do Millennials Stand A Chance In The Real World Summary

After covering facts about millennials and their imperfections, Stein turns his article around by recognizing their good qualities. The purpose of Stein’s article is revealed when he changes sides of opinion. He praises their admirable characteristics saying, “They are probusiness. They’re financially responsible; although student loans have hit record highs, they have less household and credit-card debt than any previous generation on record.” (Stein 33), proving that millennials are more capable and intelligent at managing money although in more debt than previous generations. Stein uses logos to further establish his credibility.

Consistent with the research in “How to E-D-U”, the information in “Why Millennials are Behind” shows this problem is only getting worse because the total wealth of millennials in the same age group has actually fallen since 1984 to $26,059 from $29,521.

Consequently, there is good reason for Millennials' pessimism and they are delaying the trappings of adulthood in light of poor prospects. Typical Baby Boomer adult milestones, like moving out of parents' homes, buying a house, getting married, and having children are all on hold until Millennials can find a brighter outlook. Millennials have the same goals as Boomers, though the path is not as clear or easy; Generation Y is still looking for the American dream. The question arises: does America

When the economy crashed in 2007 the youth was hit the hardest. The unemployment rate for people aged 25-32 was over 8 percent in 2013 (Machado “How Millennials…”). Instead of working dead-end seasonal jobs, Millennials would rather use this opportunity to do something they may have never had the opportunity to do otherwise. Also, growing up seeing their parents 401k’s wiped clean and hearing talk of failing social security program has caused Millennials to distrust their retirement options. In fact, only 6 percent of Millennials believe they will obtain the same benefits as their parents, and half believe that there will be no more money in social security by the time they graduate (Machado “How Millennials…”).

In a recent find, the whole financial system that was created to keep the lives of normal everyday citizens like you and I afloat, will be absolutely dismantled by the “Baby Boomers” this age group would have drained almost all of the financial resources available in the Social Security System by the time the 2030’s arrives. With that there will be clouds of doubt cascading upon the lives of everyday middle class Americans moving forward especially with the Millennials, out of all the age groups they are viewed as being less optimistic of the financial future, and who can blame them? As evident in the article written by David Bass “The Millennial Perspective” he noted in a recent Pew Research report that 72 percent of Millennials don't believe

Starting with the savings and loan crisis of the 1980’s, baby boomers, a generation born between 1945-1964, made many avoidable mistakes regarding economic decisions. Although the economy is always fluctuating, the onset of the baby boomers’ adulthood caused a downward spiral and the actions of Millennials aren’t helping. As the Huffington Post demonstrates, older generations are quick to judge, blaming the economy on Millennials and Generation Yers. On the other hand Newsweek, a more credible news site, shows that had generations before planned for the long term, Millennials wouldn’t have made this transition in the first place. By turning into a more “shared economy,” meaning buying things used and renting, big corporations are taking serious hits, causing them to layoff people and raise prices. Furthermore, the generational differences in ideals and behavior are also contributing to the distress. Although many would argue that these generational differences are common throughout the ages, they are further hurting an already weak economy.

In the article “A Generation of Slackers? Not So Much”, by Catherine Rampell, the author analyzes and challenges the popular stigma that Millennials are the laziest generation to have ever existed. Rampell begins her article with a staggering fact: “The unemployment rate for 16- to 24-year-olds is a whopping 17.6 percent” (Rampell 388). And according to seventy-five percent of Americans, “Today’s youth are less virtuous and industrious than their elders” (Rampell 388). This may seem like an incredibly high percentage of Americans, but you might be astonished to learn that even “Two-thirds of millennials said older adults were superior to the younger generation when it came

Did you ever hear about The Nazi Invasion? If no, this book will tell you about the Nazi Invasion on the Jews, and how Hitler did violins on them.

Nathaniel Hawthorne’s The Scarlet Letter is a great piece of literature. It explores problems in society that still occur today. It is fascinating to see how the Puritans punished adultery then and the lack of punishment of adultery in our society now. It shows how all the characters affect Hester and what everyone does in the community. It shows that no one is exempt from any type of crime in that town. In Hawthorne’s The Scarlet Letter, he analyzes the characters of Hester Prynne, Arthur Dimmesdale and Pearl.

In our world of instant gratification, people got to save money any way they can. People that shop online need to wait 48 hours before making an impulsive purchase. They are spending too much money on clothes, shoes, and accessories. One can start by cleaning out closets and sell the items that not being worn. In 7 Things Young People Are Spending More Money On These Days, Sam Becker states,This has led many to think that they are a bunch of entitled brats who refuse to grow up. But we have to take into account that millennials are saddled with more debt than any other previous generation, have grown up in a post-9/11 world of perpetual war, and entered the workforce during one of the worst economic stretches in American history. It hasn’t been all beach trips and Mike’s Hard Lemonades, though things are getting better (Becker, sec. 3). He says, The millennials

Millennials tend to be technologically advanced and eager to learn. They also value social responsibility and team-work. They are often seen as impatient and quick to express opinions without having all of the data. Millennials are quick to jump-ship if they do not feel if they are progressing fast enough, often at speeds that might be seen as unreasonable. Dayan (2005) says that about 5.6 million Millennials are about to enter the employment market. Millennials are said to be the most challenging generation for employers.

The upcoming generation, millennials, are a new type of generation. They have proven to be the most educated generation, despite the hard times in the economy. Yet they still face criticism from their elders on their work ethic. Although they seem to all be lazy and not interested in working, not all millennials are like that. They just have different values in life, and balance work life with free time. Millennials have faced a lot of criticism on their work ethic, which has many questioning do millennials have a strong work ethic. They are said to be lazy narcissistic tech addicts, who don’t take any job seriously and slack off. What most don’t know is that the economy hasn’t been in the greatest of shape, this makes work ethic hard to

Generation Xers see themselves as a generation with its own voice and vision. They are said to be savvy consumers with an annual spending power of 125 billion dollars. Most of which they spend on electronics and computer products. However they have economic problems: the starting wages of entry level jobs are declining, housing cost are so high that 46% are still living with mom or dad. But despite their financial pressures, they are as likely as baby boomers to think about long term savings and retirement plan.

There is a definite difference between how men and women are treated in the workplace environment. In the Times article, the differences are explained by three trans men since they were able to see it as a woman and a man. As a man, they are given more authority and more respect compared to women who were belittled and insulted by other men in the workplace including their bosses. All of the men interviewed for this article noted that their colleagues that were also men made a lot of sexist jokes, or inappropriate comments about the females working in the office without thinking twice about it. Women also have to prove themselves worthy of praise of success, the example in the article included how harder it is to get published as a woman versus

According to recent research, Millennials (75.5 million) have edged out the Baby Boomers (74.9 million), who are retiring, as the fastest growing group in the United States, with Generation X lagging behind (66 million) (Fry, 2016). By the year 2020, Millennials will account for half of the workforce and their impact on the economic is contingent upon how the economy is doing at that time (Shin, 2015). The Education Testing Service found although Millennials are receiving more education than any other generational group, they may lose their competitive edge against international peers (Twaronite, 2015).