From a cultural and economic perspective, American millennials will likely go down in history as a lost generation. We’re talking about an entire generation that was coddled, and bamboozled by an education system that tricked them into absorbing tens of thousands of dollars in debt for college degrees that are worthless.
They came of age at a time when America’s blue collar jobs were hollowed out and shipped overseas, and wages stagnated across the board. They’re in so much debt that they’ve had to postpone all of the hallmarks of adulthood such as marriage, raising kids, and homeownership. They simply can’t afford it.