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America’s Millennials Are Waking Up to a Grim Financial Future

 4 years ago
source link: https://www.bloomberg.com/news/articles/2018-06-21/america-s-millennials-are-waking-up-to-a-grim-financial-future
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America’s Millennials Are Waking Up to a Grim Financial Future

Job prospects, savings, safety nets, life expectancy—the data show just how bad a mess they face. 

By
June 21, 2018, 4:00 PM GMT+8
An ETF Aiming to Capture the Millennial Generation
An ETF Aiming to Capture the Millennial Generation

Lately I’ve been losing track of how old everyone is. Friends, co-workers and family members are resisting middle age with vigorous exercise, careful diets and regular doctor visits. Even when 50-year-olds look like they’re 50, they often dress or party as if they’re still in their twenties. 

Our capacity to fetishize youth never ceases to amaze. But while older Americans definitely want to look like younger folks, they certainly don’t want their finances. That’s because the wealth gap between generations keeps widening, and their children’s future is beginning to look ugly.

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