The Price tag of being young. Climate change and Millennials' economic future
Publication year
Resource type
UNCCD Library
Material Type
ebook
The millennial generation—the largest in U.S. history—faces serious economic challenges. Politicians have made a series of policy choices that are leaving the millennial generation in bad shape, and this is particularly true for what could be the biggest threat ever faced over the lifetime of a single generation: climate change. Millennials are already facing many difficulties in an economy slowly recovering from the worst economic collapse since the Great Depression. Quality full time jobs are often out of reach for many young people, wages have stagnated, and millennials have less wealth and financial stability than previous generations. Getting a college degree is less and less affordable, and student debt has exploded. Without access to quality, affordable child care, young parents have to fend for themselves as they struggle with the financial burdens of caring for their children in the years prior to K-12 schooling. These are some of the many reasons that the millennial generation is likely to be the first in our country’s history to be worse off than the generations which preceded it.
Keywords
unemployment
youth
economic crisis
financial security
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