Posted on 02/13/2014 10:19:24 AM PST by Lorianne
President likes to refer to us as grown children and is quick to boast that because of his ObamaCare plan we can stay on our parents’ health insurance plans until we’re 26.
But this is a generation that remembers typing papers on word processors and tearing the edges off dot matrix paper. We weren’t the first on the information super highway but once we got a license, we took over the road. Facebook has tracked every day of our lives since college and Twitter turned us into citizen reporters. We also have degrees – some of us multiple degrees- but we racked up five- and six-digits worth of debt along the way. We are Millennials.
With our penchant for technology, our idealism, and our education, one question we are grappling with is why so many of our classmates are still living at home with mom and dad?
The U.S. Department of Education released a report recently that tracked the progress of Millennials who were high school sophomores in 2002 over the past decade. This report provides a snapshot into the lives of older Millennials and our achievement toward life’s milestones. In short, despite our idealism, aptitude, and drive, many haven’t gone very far past “Go” and that’s an issue for our elected leaders.
(Excerpt) Read more at iwf.org ...
“When Canada moved fully over to their current healthcare system in the late seventies, there were busloads of Canadian nurses who were traveling to us to work for they had lost their jobs in the nationalized system.”
I can believe that; now there is talk of nurses becoming the new “doctors” (as nobody in their right mind would spend the time, money, and effort to basically become a state worker under ObamaCare).
In every study I’ve ever seen on Millennial’s there is no stigma to living with their parents. It’s not important to them to get out of the house like it was in previous generations. For the first time in US history they don’t consider owning a home as a definition of success.
Oh and they are the largest cohort in history.
They are smart not to get bogged down in housing in this uncertain market. If they earn now and watch things deflate, they may make a good buy.
Very true. But these surveys were also showing this trait prior to the housing crash.
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