by Tyler Durden
Friday, Apr 30, 2021 - 08:22 PM
The worsening precarity of the millennial generation has been a hot topic for the financial press over the last year, and it hasn t failed to disappoint. Thinkpieces about crushing student loan debt, rising housing prices placing home-ownership further out of reach, and the soul-crushing intensity of formerly sought-after jobs in finance have abounded. And now, the Financial Times has launched a new series where it explores some of the biggest problems facing its millennial readers. And what the report discovered might come as a surprise to some. Picking up where that PowerPoint about the miserable working conditions of Goldman junior analysts left off, the FT reported that even millennials with strong resumes and
The Social Contract Is Broken : Why Millennials Who Lack Rich Parents Feel Increasingly Hopeless infowars.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infowars.com Daily Mail and Mail on Sunday newspapers.
We are drowning in insecurity : Young people and life after the pandemic
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Many young people feel the social contract has been broken as generational inequality widens. Photo / 123RF
Many young people feel the social contract has been broken as generational inequality widens. Photo / 123RF
Financial Times
By: Sarah O’Connor Akin Ogundele did everything right. A born and bred Londoner and the son of immigrants, he worked hard, went to university, found a good job in the financial sector, got married and had children. But at the age of 34, he feels stuck.
He and his wife and two children live in a rented flat because even with their two salaries they cannot afford to buy in their home city. After decades of accelerating housing costs, the average deposit used to buy a first home in London has risen well above £100,000 ($192,700). Ogundele has seen colleagues buy homes with help from their parents, but he doesn t have