Highly Educated, Highly Indebted: The Lives of Today's 27-Year-Olds, In Charts - Jordan Weissmann. A new study by the Department of Education offers up a statistical picture of young-adult life in the wake of the Great Recession.
What are today's young adults really like? For those who've spent too much time gazing into the dark recesses of Thought Catalog or obsessing over "Girls," the Department of Education has a new report that offers up some enlightening answers. In the spring of 2002, the government's researchers began tracking a group of roughly 15,000 high school sophomores—most of whom would be roughly age 27 today—with the intention of following them through early adulthood. Like myself, many of those students graduated college in 2008, just in time to grab a front-row seat for the collapse of Lehman Brothers and the economic gore fest that ensued.
In 2012, the government’s researchers handed their subjects an enormous survey about their lives in the real world. (One important note: I've shorthanded this group as "today's 27-year-olds. " 1. 2. 3. 4. What about other debt? 5. Investor-watch-1Q2014-report.pdf. The Entrepreneurial Generation. Previous youth cultures — beatniks, hippies, punks, slackers — could be characterized by two related things: the emotion or affect they valorized and the social form they envisioned.
For the hippies, the emotion was love: love-ins, free love, the Summer of Love, all you need is love. The social form was utopia, understood in collective terms: the commune, the music festival, the liberation movement. The beatniks aimed at ecstasy, embodied as a social form in individual transcendence. Theirs was a culture of jazz, with its spontaneity; of marijuana, arresting time and flooding the soul with pleasure (this was before the substance became the background drug of every youth culture); of flight, on the road, to the West; of the quest for the perfect moment. The punks were all about rage, their social program nihilistic anarchy.
So what’s the affect of today’s youth culture? What is this about? Perhaps a bit of each, but mainly, I think, something else. Call it Generation Sell. It’s striking. Millennials are conservative, cheap and could be the wisest generation. Could millennials, still grappling with the fallout of the Great Recession, emerge better prepared to address all the personal financial challenges confronting them than the rest of us?
Some intriguing new research from UBS suggests that these young people, now ranging in age from 21 to 36, could just pull off that feat. Previous surveys have labeled members of the generation who have come of age in the 21st century as broke, spendthrift and narcissistic. Others argue that they have short attention spans, demand instant gratification, and are slow to become independent.
But they may posses some traits that will stand them in good stead, financially speaking, in the decades to come. The just-released UBS survey reveals that in spite of their willingness to be entrepreneurial and to embrace bleeding-edge technological innovations, when it comes to managing their money, this group might have more in common with their Depression-era great-grandparents.
Narcissistic, broke, and 7 other ways to describe the Millennial generation [Updated] Opinion: Millennials are voters - Metro.us. We can expect the usual “so what” response from political pundits to a new Harvard Institute of Politics poll that found growing support for President Obama among the Millennial Generation – the population cohort between the ages of 18 and 29.
The web-based poll of 3,096 millennials taken between March 23 and April 9 found Obama leading his likely opponent, Mitt Romney, by a 17-point margin – gaining 6 percentage points since a similar poll taken in late November. The conventional wisdom about this age group is that it doesn’t vote. That was the rap before the 2008 election when a number of pieces written before the general election dismissed youth enthusiasm for Obama as mostly liberal slackers who couldn’t be bothered to put down their bongs and go out to vote.
The Millennial Media Revolution: How The Next Generation is Re-Shaping The Press – Censored Notebook, Featured Articles. By Nolan Higdon [This is the first article in a four part series addressing how the flow of information has changed for the Millennial Generation (referring to people born between the early 1980s and 2000s).
Each installment will be published on the Project Censored website weekly throughout this month. (February, 2014). Due to the removal of media regulations the millennials grew up with a defunct media industry that peddles infotainment and serves--rather than questions--those in power. In response, the millennials are partaking in a media revolution that is re-shaping the press. Part I: De-Regulated to Ignorance Recent data suggests Millennial Era voters are widely uninformed and misinformed about political happenings. Many of the Millennial Era voters attain their knowledge from media conglomerates that espouse the narratives of those in power. Previous generations had regulations to protect media from becoming homogenized. Congress passed the Fairness Doctrine in 1949. . [13] Ben H.