Who screwed millennials: a generation left behind, part 1
Mar 24, 2024
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Exploring the financial struggles faced by millennials, from rising house prices and ballooning student debt to the roots of economic inequality. Experts discuss generational disparities, frustrations, and the urgent need for radical changes to achieve financial security and combat societal challenges.
Millennials face financial insecurity due to underpaid jobs, student debt, and housing unaffordability.
There is a generational divide with millennials being the first to be worse off than their parents, sparking a call for systemic change.
Deep dives
Generational Divide and Broken Promises
The podcast delves into the generational divide between millennials and their parents, highlighting the disparity in economic circumstances. Millennials face challenges such as financial insecurity and delayed homeownership, contrasting with the stability their parents enjoyed at the same age. The narrative unfolds around societal expectations of hard work equating to success, a promise that seems broken for many millennials.
Financial Instability and Inequality
Financial insecurity plagues millennials as they struggle with underpaid jobs, student debt, and housing unaffordability. The podcast emphasizes the increasing economic inequality between generations, pointing to the casualization of labor as a contributing factor. Millennials find themselves in precarious financial situations, battling rising costs of living while facing limited opportunities for stable employment.
Searching for Solutions and Political Engagement
Young people, burdened by economic challenges and societal inequalities, express concerns about their future prospects. Despite feelings of helplessness and pessimism, there is a call for systemic change and a reevaluation of societal values. The podcast encourages rethinking economic and political structures to address the growing wealth gap and financial burdens faced by the younger generation.
With rising house prices, a decade of wage stagnation and ballooning student debt, young people in Australia are living through what author Jill Filipovic describes as ‘a series of broken promises’. In episode one of this new series from Guardian Australia, Full Story co-host Jane Lee and reporter Matilda Boseley sort through these broken promises, investigating why young people are living in a time of such economic strain. In this episode, we hear from a handful of experts featured in Who screwed millennials?, including author Jill Filipovic, youth researcher Intifar Chowdhury, author Malcolm Harris, Guardian Australia editor Lenore Taylor and former Greek finance minister Yanis Varoufakis about how millennials became the first generation to be worse off than their parents
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