The financial crisis of 2008-2009 affects many millennials as they bear the primary costs of college tuition, residential demand, health care, and childcare.

Peter Prince

2019-06-23 08:30:00 Sun ET

The financial crisis of 2008-2009 affects many millennials as they bear the primary costs of college tuition, residential demand, health care, and childcare. Ages 22 to 39, millennials have less purchasing power than previous generations did at the same age. Although millennials have benefited from a 67% increase in real wages since the 1970s, this wage boost is insufficient for millennials to keep up with CPI price inflation over the past 4 decades. More than half of millennials cannot afford to own residential properties, have less than $5,000 in their bank deposit accounts, and maintain no retirement accounts. Nowadays millennial affordability attracts both public and private solutions.

For instance, Senator Elizabeth Warren proposes that the government forgives $50,000 in student loan debt for each American whose family earns up to $100,000. Also, Former Vice President Joe Biden supports the new proposal that it should be free for students to complete 4-year bachelor degrees at public universities and colleges. Moreover, the venture fund Kairos invests in more than 5 companies with $20 million to design solutions that tackle the inflationary costs of student loan debt, residential demand, childcare, health insurance, and so forth. Overall, millennial affordability has hence become a major socioeconomic issue in America.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
Tech unicorns blitzscale business niches for better scale economies from Uber and Lyft to Pinterest, Slack, and Zoom.
Dan Rochefort

2019-05-03 11:29:00 Friday ET

Tech unicorns blitzscale business niches for better scale economies from Uber and Lyft to Pinterest, Slack, and Zoom.

Key tech unicorns blitzscale business niches for better scale economies from Uber and Lyft to Pinterest, Slack, and Zoom. LinkedIn cofounder and serial entr

+See More
Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition.
Fiona Sydney

2019-09-01 10:31:00 Sunday ET

Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition.

Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition. These intricate nuances repres

+See More
Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives.
Dan Rochefort

2021-05-18 08:19:00 Tuesday ET

Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives.

Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives. Peter Schuck (2015)   Why

+See More
President Donald Trump criticizes Amazon over taxes and jobs.
Monica McNeil

2017-08-19 14:43:00 Saturday ET

President Donald Trump criticizes Amazon over taxes and jobs.

In a recent tweet, President Donald Trump criticizes Amazon over taxes and jobs. Without providing specific evidence, Trump accuses of the e-commerce retail

+See More
President Trump targets Amazon in his call for U.S. Postal Service to charge higher delivery prices on the ecommerce giant.
Laura Hermes

2018-01-03 08:38:00 Wednesday ET

President Trump targets Amazon in his call for U.S. Postal Service to charge higher delivery prices on the ecommerce giant.

President Trump targets Amazon in his call for U.S. Postal Service to charge high delivery prices on the ecommerce giant. Trump picks another fight with an

+See More
Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth.
John Fourier

2018-07-09 09:39:00 Monday ET

Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth.

The Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth. The current neutral interest rate hike neither b

+See More