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Thursday, March 28, 2024

Millennials, the Stressed (Screwed by Obama, the Unions, the Fed) Generation

Courtesy of Mish.

Those looking for a reason for sluggish housing, weak retail sales, and low family formations rates, need only look at the plight of millennials (those aged 18-33).

Many millennials have no job, high student debt with no way to pay the debt off, and few job opportunities beyond part-time employment in food services or retail.

Millennials are the ones who Obama targeted to pay for Obamacare. Indeed, the forced inclusion of youth (who will overpay for health care) is supposedly what made Obamacare “affordable”.

Yet, even with the screw job on youth, the “Affordable Health Care Act” is so unaffordable that Companies Opt of Obamacare, Not Even Labor Unions Want It.

Speaking of labor unions, the odds millennials get the same benefit packages going forward that public unions receive today are roughly zero percent. Nonetheless, expect tax rates on millennials to rise so that ungracious, unappreciative boomers get ridiculous benefits they do not deserve and did not earn.

The Stressed Generation

Is it any wonder a study of of Stress in America by the American Psychological Association shows millennials to be the most stressed generation.

Both Millennials and Gen Xers report an average stress level of 5.4 on a 10-point scale where 1 is “little or no stress” and 10 is “a great deal of stress,” far higher than Boomers’ average stress level of 4.7 and Matures’ average stress level of 3.7.

The four generations are defined as following: Millennials (18- to 33-year-olds), Gen Xers (34- to 47-year-olds), Boomers (48- to 66-year-olds) and Matures (67 years and older).

Thirty-nine percent of Millennials say their stress has increased in the last year, compared to 36 percent of Gen Xers, 33 percent of Boomers and 29 percent of Matures.

More than 52 percent of Millennials report having lain awake at night in the past month due to stress, compared to 48 percent of Gen Xers, 37 percent of Boomers and 25 percent of Matures….

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