Millennials killing things was story of decade, but not their fault - Business Insider

the net worth of American consumers under the age of 35 has fallen by more than a third since 1996.

In addition to the recession, rising costs cut into millennials' ability to spend freely on luxuries such as diamonds, the Deloitte study found. Crucially, it also reported that consumers spent 16% more on housing in 2017 than in 2007. Healthcare costs increased by 21% in the same period, and education spending grew by 65% as student debt soared. , it should come as no surprise that millennials didn't enjoy being accused of destroying things they simply couldn't afford.

in how frequently the phrase has been used. While it hasn't completely disappeared, it's come close enough that I feel relatively confident saying millennials killed it. Framing industry trends as murder mysteries can lead to oversimplification, but it's also important to remember that theseWhen an industry struggles, thousands of people's livelihoods are at stake. No one is served by dry headlines spouting out sales figures.

The issue with the millennial murder trope is not so much the deadly implications, which are often valid. Rather, it's a lack of context, and an omission of the underlying issues. These "murders" were framed as choices instead of decisions made out of economic necessity. Going into 2020, "millennials are killing" headlines may finally be dead. But, the economic realities that sparked industries' sales slumps and millennials' financial struggles continue. Going into a new decade, remembering this context is critical — especially as we brace for a new avalanche of generational trend pieces

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NPR Choice page
Source: NPRHealth - 🏆 144. / 63 Read more »

I broke up with my best friend to find loveMariya Karimjee spent over a decade leaning on her best friend— until she realised he was the one thing holding her back.
Source: RedMagDaily - 🏆 312. / 61 Read more »

The 18 Greatest Forbes Stories Of The DecadeFrom Julian Assange to Kylie Jenner, our finest pieces from the past 10 years fulfilled Forbes’ core mission: spotlight the entrepreneurial capitalists changing the world—and call out the rogues abusing the system. KylieJenner look at this ! One woman and it’s U 👏🏻👏🏻👏🏻👸🏻KylieJenner Queen dollar It’s good when you’re guided by someone with great skills and knowledge about the crypto currency . I enjoy full profits and easy withdrawals with no complains. CONTACT earn_cryptoo to earn from crypto 20/20 Vision 💫 Make 2020 the year that you visualize and realize your hearts desire. 2020Vision Roaring20s happynewyear2020
Source: Forbes - 🏆 394. / 53 Read more »

How freelancers and contractors can remain independent with AB5 - Business InsiderEverything contractors and freelancers need to know about navigating California's new Assembly Bill 5, which is set to drastically change the gig economy in the state (by shmabbywolfe)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Retirement saving to be harder in 2020, advice from BlackRock's Rieder - Business InsiderBlackRock's $1.7 trillion bond chief explains why it's about to become much harder to save for retirement — and shares his best advice for doing it successfully Well, apparently both North Korea and Russia are going to kill us with nuclear bombs (so they say). So do I have to save for retirement or not? Many people’s retirement ”plan” is suicide. The current math doesn't work out. Are they going to help or just exploit the desperate?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump re-election creating investment opportunity in healthcare sector - Business InsiderA self-taught coder turned hedge fund manager explains why traders should be positioning for a Trump re-election — and lays out a big bet he's making on healthcare So True... I'm waiting too!!
Source: BusinessInsider - 🏆 729. / 51 Read more »