HELEN B HARLESTON
An article in the Forbes by (Hembree, 2017) comparing the millennial financial situation
to the great depression generation raised several fundamental issues facing the millennials. The
author notes that millennial are tied down by the huge student loans and the hard economic
condition, which may be equated to the depression era. The millennial find it hard to save money
since they are working in gig jobs that one offer a wage but not the crucial benefits such as
health, pension, or 401K. This has seen the millennials juggling for one job to another and at
times holds more than one job at the same time. The author notes that the millennial have the
largest student loans than any other generation and live in an era where house rents are
ridiculously high. However, the millennials have less credit card than any other generation as
The situation raised in the article accurately paint the grim picture that millennial are
facing. They are living in a fast moving economic condition where delays and long times of
dedication are in much questions. The globe is interconnected with many of the jobs available
dependent on the information technology. Services are high automated, which makes it hard for
the millennials to access the traditional jobs that were done by human beings
Hembree, D. (2017, April 30). Personal Finance Expert: Far From Entitled, Millennials
https://www.forbes.com/sites/dianahembree/2017/04/30/personal-finance-expert-far-
from-entitled-millennials-are-similar-to-the-greatest-generation/#169840bf4d0c
https://www.pwc.com/m1/en/services/consulting/documents/millennials-at-work.pdf