Millennials and Gen Z Increasingly Pessimistic About Their Lives, Survey Finds

Re:Millennials and Gen Z Increasingly Pessimistic About Thei... by refurb on Monday May 20, 2019 @03:43PM (#19964291)

Millennials and Gen Z are having greater difficulty achieving basic levels of economic stability that were somewhat easier for previous generations

Easier than what? Their great grandparents who lived through the Great Depression? Their grandparents who lived through Stagflation of the 1970's? Or their parents who lived through the Great Recession?

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Re:Millennials and Gen Z Increasingly Pessimistic About Thei... by larkeith on Monday May 20, 2019 @03:59PM (#19964470)

Easier for members of Gen X and Baby Boomers (note that young people in the workforce during the Recession are generally classified as the older end of the Millenials).

From the Federal Reserve Board:

> Millennials are less well off than members of earlier generations when they were young, with lower earnings, fewer assets, and less wealth. For debt, millennials hold levels similar to those of Generation X and more than those of the baby boomers. Conditional on their age and other factors, millennials do not appear to have preferences for consumption that differ significantly from those of earlier generations.

[1] https://www.federalreserve.gov/econres/feds/files/2018080pap...

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Re:Millennials and Gen Z Increasingly Pessimistic About Thei... by klodolph on Monday May 20, 2019 @03:51PM (#19964390)

> Easier than what?

Easier than Boomers and Generation X, to be clear. I'd be willing to listen to claims that Millennials / Gen Z are doing well if you have some numbers to back those claims, so please, do change my mind. I'm not really interested in lists of economic recessions that happen to have names, especially since the 2008 recession also affected Millennials.

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