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+24 +1Millennials are falling behind their boomer parents (warning: autoplay video)
With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles. The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.
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+31 +1The Media’s Favorite ‘Millennial’ Is 55 Years Old
Last week, it happened again. This time it was Forbes, smack dab in the headline. “Millennial Dan Nainan Left Intel To Make His Millions Entertaining Others With Comedy.” Millennial Dan Nainan has been the go-to millennial in a whole lot of news stories in the past year. He was 35 in an AP story that appeared in the Chicago Tribune about undecided voters on Nov. 6, two days before the election. A few weeks later, he was 35 in a Vocativ story about Obama voters who wound up voting for Donald Trump.
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+18 +1There's a rehab for millennials now...
A $27,500-a-month facility in Evanston, Ill., is attempting to turn stuck millennials into adults.
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+26 +1Stroke rates decline for the old and rise for the young
Lifestyle differences such as diet may account for the diverging trends.
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+7 +1Why Many Young Russians See a Hero in Putin
Twenty-five years after the breakup of the Soviet Union, they crave the stability that the nationalist president represents. He doesn’t know where to take me when I meet him at the hotel by the train station, so we just start to walk down the dusty summer streets of Nizhniy Tagil, a sputtering industrial city on the eastern slope of the Ural Mountains. His name is Sasha Makarevich, a 24-year-old cement worker, a blond ponytail falling down his back, a Confederate flag stitched onto his cutoff denim vest. “I thought it just meant independence,” he explains when I ask about it.
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+22 +1Only 1 in 5 millennials have tried a McDonald’s Big Mac
Millennials! They’re not having sex! Or are they? They’re hated by other generations but beloved by thinkpiece headlines across the internet. And according to McDonald’s, they’re not eating Big Macs. According to a memo from a top McDonald’s franchisee, only one in five millennials have tried a Big
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+3 +1Wealth of people in their 30s has 'halved in a decade'
People in their early 30s are half as wealthy as those now in their 40s were at the same age, a report finds. Today's 30-something generation has missed out on house price increases and better pensions, according to research by the Institute for Fiscal Studies. Those born in the early 1980s have an average wealth of £27,000 each, against the £53,000 those born in the 1970s had by the same age, said the IFS.
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+33 +1It's 'too late' to solve housing crisis for millennials
It's now too late to solve the housing crisis for young people in the UK, the Conservative party conference was told today. Resolution Foundation's Torsten Bell told a fringe meeting in Birmingham that there was a lost generation who would never own their own homes. "For the millennial generation it is probably too late for us to solve this for them now," he said during a debate on "How Conservatives can deliver for working people"
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+5 +1The Myth of the Millennial as Cultural Rebel
If you have read anything about young people in recent years, you could be forgiven for believing that we are living through a cultural revolution, unprecedented in its destructiveness and self-regard. Millennials don’t just reject the music, art, or clothes of their parents; they also reject the older generation’s major sources of economic and spiritual well-being, like home ownership, cars, even sex.
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+18 +1Millennials are obsessed with side hustles because they’re all we’ve got
The side hustle offers something worth much more than money: A hedge against feeling stuck and dull and cheated by life.
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+19 +1New report calls for ‘justice for millennials’
The Millennial generation are earning less than previous generations and are less likely to own a home, according to a new report.
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+22 +1Don’t let yourself get pushed into a job promotion
People who accept a management job they don’t really want are twice as likely to end up quitting. Dear Annie: I really identified with Fortune’s recent article about turning down a promotion, because I’m facing a dilemma. I like what I’m doing now, as the logistics person on a brand-management team, and I know I’m really good at it. But our company has an unwritten rule where everyone moves “up or out,” and lately my boss has been making noises about promoting me to management.
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+9 +1Millennials May Be Losing Their Grip
Millennials, the thoroughbreds of texting, may lag behind previous generations when it comes to old-fashioned hand strength. In a study of Americans ages 20-34, occupational therapists found that men younger than 30 have significantly weaker hand grips than their counterparts in 1985 did. The same was true of women ages 20-24, according to the study published online by the Journal of Hand Therapy a few months back.
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+30 +3Democrats Will Learn All the Wrong Lessons From Brush With Bernie
Instead of a reality check for the party, it'll be smugness redoubled.
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+4 +1Why 2014 Marked a Historic Shift in Housing Arrangements
From stealth dorms to pod apartments, young Americans are finding all kinds of new ways to live within their means, on their own. But a historic share of 18- to 34-year-olds are relying on the most affordable housing strategy of all: their parents’ house. A new report by the Pew Research Center finds that for the first time since the 1880s, more young adults in the U.S. are living with their parents than with a romantic partner in their own household. This turn comes as the result of shifts in marriage norms...
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+5 +17 Things Millennial Parents Will Do Differently Than Generations Before Them
It's happening: Millennials are becoming parents, and given that Millennials want different things than Baby Boomers, it's likely that they're going to approach/are approaching parenting very differently too. Most of us probably have parents who are considered Baby Boomers. That generation of
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+32 +3Millennials are being dot.conned by cult-like tech companies
Tech startups love millennials. Tasty, tasty millennials who get underpaid, overworked, churned up and turned into nourishment for venture capitalists. Millennials are the Soylent Green of the tech world. As each batch gets mashed up, there’s a long line of new hires eager to be made into the next meal for the execs and their billionaire backers, as tech survivor Dan Lyons shows in a scathingly funny new book, “Disrupted: My Misadventure in the Start-Up Bubble” (Hachette Books).
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+4 +1Few College Grads Consider Agriculture
The world’s demand for food will surge by 2050, with a projected 10 billion people requiring a 70 percent increase in food production. The question is: Who will lead the way to find solutions for this demand and ensure the world’s population will be fed?
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+20 +3A trend story about millennials, by the New York Times
“Broad City is on,” he explained, removing a selfie stick from his man-purse. By Jason O. “Classic” Gilbert. [Satire]
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+44 +9Have millennials given up on democracy?
A poll shows less than half of young adults think democracy is the best form of government – but protest parties show many can still be won over
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