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Millennials

Study Shows 39% Of Millennials Would Prefer To Spend A Week In Jail If Their Student Debt Was Wiped Clean

“We want to give you a better life than the one we had.” This is a phrase many millennials have heard at some point during their life from their parents, especially with respect to today’s average debt. Yet, both the millennial and post-millennial generations (Generation Z) are on track to becoming the most educated yet, with one major problem—they both face a major student loan debt catastrophe.

Millennials Are Dramatically Financially Worse Off Than Previous Generations

They have an average net worth of less than $8,000, reported Abha Bhattarai for The Washington Post, citing a new Deloitte study. According to the study, the net worth of Americans ages 18 to 35 has decreased by 34% since 1996, making them "dramatically financially worse off" than older generations, Business Insider's Kate Taylor reported. These findings underscore previous research indicating that millennials are financially behind. Millennials are less wealthy than previous generations were at their age at any point between 1989 and 2007, according to The Economist, citing a recent paper by the Brookings Institution.

How Millennials Are Trying To Revive The Labor Movement

By Judith Lewis Mernit for Portside - Generational labels are fraught with inconsistencies. Growing up is not, after all, a controlled experiment. But to the extent that millennial labels apply, Andrew Cohen’s story is emblematic. He watched as his parents fell victim to eroding protections for employees (his father, a luxury car salesman, lost his job and declared bankruptcy when Cohen was 8). He graduated from high school, only to find college extremely expensive and, because he had to pay his own way, ran up $20,000 in student-loan debt. Later he would enter the Great Recession’s depressed job market, with few slots available to liberal arts graduates outside the low-paying service industry. “A lot of my friends expected to own a house and have a family by the time they turned 30,” he says. “It was very shaky for people.” Among millennials who head households, a Pew Research Center study found in September, more live in povertythan do households led by previous generations. By the time Cohen was 23 years old in 2009, the plans he had laid for his life collapsed. A self-described “dirty, punk-rock kid,” he had been thinking about environmental and economic justice, while participating in protests and direct actions. Armed with a bachelor’s degree in anthropology from the University of California, Santa Cruz, he expected to begin his post-college life with Teach for America, working with disadvantaged students in under-funded urban schools.

Millennials Are Revitalizing Organized Labor

By Amy B. Dean for Aljazeera - Millennials are often made out to be selfish and individualistic, but they appear to be taking a greater interest in social movements and dramatic social change than some previous generations. A series of polls suggests that, compared with other demographic groups, Americans in their 20s have less favorable views of capitalism and higher opinions of unions and government intervention in the economy. Millennials are also the first generation in a long time to feel a sense of common purpose in the economy and to look toward collective action as a means of improving their circumstances.

Why Millennials Don’t Vote and What To Do About It {aTV 007)

On Acronym TV this week, two individuals working to fix our Democracy in crisis. Christina Tobin is the founder and chair of Free & Equal. She has a long history of supporting ballot access, having gathered and defended over 1 million signatures for the Green Party, Constitution Party, Republican Party, Democratic Party, Libertarian Party, Socialist Equality Party and independents. Free & Equal Elections Foundation is a non-partisan grassroots organization, whose mission is to shift the power back to the individual voter through education. Their motto, “More Voices, More Choices.” Daniel Lee is a lifelong activist. He serves on the national leadership team for the group Move to Amend, which is a coalition of hundreds of organizations and hundreds of thousands of individuals committed to social and economic justice, ending corporate rule, and building a vibrant democracy; Move To Amend is calling for an amendment to the US Constitution to unequivocally state that inalienable rights belong to human beings only, and that money is not a form of protected free speech under the First Amendment and can be regulated in political campaigns.

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Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

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