13 Reasons Boomers Don’t Envy Millennials
Millennials are usually pretty cool, but boomers certainly don’t envy them. They face unique challenges that others don’t. Millennials deal with the highest home prices and a very high cost of living.
They also worry about climate change and the economy simultaneously. They are paying for many mistakes made by other generations. Here, we will explore 13 surprising reasons why boomers don’t envy millennials.
Student Debt
Millennials have higher student loan costs than previous generations. They also have higher interest rates, which only add to the total expense. Many American borrowers end up losing more money than they gain from their degrees.
Job Insecurity
Many millennials are facing problems keeping their jobs because of the struggling market. Especially because of the pandemic, many people lost their jobs. Seeing how quickly their employers were willing to fire them gives them anxiety about future jobs not being permanent.
Housing Affordability
House prices are higher than ever recorded in history right now. Even getting approved for a loan is hard, let alone how high the interest rates are. Most millennials now don’t ever believe they will be able to afford to buy their own homes.
Economic Uncertainty
Millennials entered the workforce during or after the 2008 financial crisis, dealing with jobs being lost and prices skyrocketing. Many people even fled the country, thinking it was doomed. This made a lot of millennials lose faith in capitalism.
Rising Cost Of Living
Millennials have to deal with the constantly rising cost of living. It’s harder now than ever to support your family, and it’s only getting worse by the day. People feel like soon they won’t be able to afford anything anymore, and some companies have even started telling people they will soon not actually own what they buy.
Environmental Concerns
Issues that previous generations warned us about are starting to come to light, and millennials are the ones who will have to deal with them. Pollution has left some entire areas uninhabitable due to unsafe living conditions.
Lower Marriage Rate
Millennials have a lower marriage rate and later marriage ages than previous generations. Social challenges have caused a huge divide between genders. It’s getting harder to meet people and build long-term relationships now that hookup culture has become normalized.
Social Media Pressures
Millennials see people their age all over social media being super successful. It makes them feel like they aren’t doing well when, in fact, it’s just images pushed for attention. Basing your own self-worth off of some guy from Instagram will only make you feel miserable.
Work-Life Balance
Because of the rising cost of living and prices of everything important, it’s becoming almost impossible for millennials to have a healthy work-life balance. They are working longer hours and getting paid less. They don’t have enough time to spend with their families instead of the office.
Political Divisions
The two political parties are heavily divided nowadays. People hate each other entirely just because they support a different side. Many millennials think that everyone in their party is good while the other party is bad, which just makes our country weaker. “A house divided against itself cannot stand,” said Abraham Lincoln, the 16th president of the United States of America.
Healthcare Costs
Millennials are dealing with rising healthcare costs that are higher than normal. Many don’t ever go to the hospital because they are afraid they can’t afford it. People are sacrificing their health just to be able to afford to live, which many find very sad.
Aging Population
Millennials are in charge of supporting an aging population, potentially facing higher taxes and reduced social services in the future. Some politicians want to raise the retirement age for millennials and later generations. Some of them even want to eliminate social security as a whole and give no support to millennials who have to pamper them.
Stagnant Wages
Even though they are highly educated, millennials deal with low wages and limited opportunities for career growth. Their employers treat them poorly and make them feel completely replaceable. They don’t enjoy their jobs nearly as much, which leads to higher depression and anxiety rates.
Gen Z Is The Most Entrepreneurial Generation
