Millennials Don't Stand A Chance (gasp!)
August 14, 2014 2:07 PM Subscribe
Millennials Don't Stand A Chance.
A terrific debate
from Intelligence Squared: "...spotlight is shown on millennials and their use of revolutionary technology while growing up in a time of recession. Some think they are coddled, narcissistic and lazy. Have we let conventional wisdom blind us to the millennial's openness to change, innovation, and optimism in the face of uncertainty, which, in any generation, are qualities to be admired?"
(running time ~50:00)Fact checking
some of the assertions of statistical trends, I've including top search results (economist.com, wired.com, wsj.com, theatlantic.com, washingtonpost.com, bls.gov, census.gov) and cited sources (pewresearch.org). Decide for yourself
if the facts are well presented in this debate.
Education: "Borrowing Binge"
(2010-2014) bar. "Diploma Debt"
(2001-2010) plot (scroll half way down).
[Change in student loan debt vs. mortgage debt] (2001-2011) plot (scroll, near top). "Tuition Costs at colleges and universities"
(2011-2012 vs 1980-81, 1990-91, 2000-1) table. "Years of School Completed by People 25 Years and Over, by Age and Sex: Selected Years 1940 to 2013" plot. Rise in marriage age
: "The Great Crossover"
(1970-2011) plot. Living at home
: Pew research: "Living Arrangements of Young Adults"
1968-2012 stacked bar (half way). "Moving Back"
(2007-2009) bar. Business and employment trends
: "The Young and the Jobless"
(2007-2012) plot. "Long Term Unemployment and Depression"
(June 2014) bar. Volunteering: "Volunteering in America 2011" various graphs. "Number of Volunteers and Volunteer Rates"
(2011) plot stack bar. Diveristy in US: "Diversity Data: Here’s How U.S. Tech Giants Measure Up"
(Aug, 2014) gratuitous interactive graph. "The Changing Face of America"
(1960-2010) stacked bar (scroll down). Drug use among millennials:
2010 National Survey on Drug Use and Health: "Past Month Use of Selected Illicit Drugs among Youths Aged 12 to 17: 2002-2010" plot. Future economic outlook: "Millennials upbeat about their financial future".
(Feb 2014) bar (half way). Young & Rich
: "Young Rich List – 30 Under 30 Internet Millionaires"
(no date) list. "The World's Youngest Billionaires: 29 Under 40."