Odd Lots This is How Economic Crisis and Precarity Shaped the Millennial Generation
Nov 25, 2019
Karen Ho, a freelance writer and editor at FiveThirtyEight, shares insights on how economic crises have shaped the millennial generation's financial outlook. She discusses the impact of rising healthcare, education, and housing costs on millennials' perspectives. The conversation also delves into the influence of climate change anxiety on life choices, the struggles of navigating the job market post-2008 financial crisis, and the societal stereotypes against millennials. Ho emphasizes their pursuit of fair treatment in the workforce amid economic precarity.
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Millennial Economic Hardship
- Millennials graduated into a precarious job market with hiring freezes and layoffs.
- This starting point created a financial hole impacting career growth and long-term planning.
Precarious Employment
- Millennials face precarious employment with limited benefits like severance, pensions, and health insurance.
- These costs are borne by individuals, impacting financial security and long-term planning.
Entitlement vs. Needs
- Millennials' requests for better work conditions and benefits are often labeled as entitlement.
- These demands often reflect needs previously met without explicit requests by older generations.