www.inequalitymedia.org [www.inequalitymedia.org]Dear John,
There's a narrative out there that millennials and the Generation Zs behind them are lazy.
Well, that is just bunk.
Our latest video breaks down how the system is failing young people, and what we can do about it. [[link removed]]
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Despite making up the largest portion of the workforce, millennials own less than 5% of all U.S. wealth. In 1989, when baby boomers were the same age, they controlled 21% of the nation's wealth.
The reason a lot of young people are not doing nearly as well as their parents at this stage is that they're paying huge amounts — much more than their parents ever paid, as a proportion of their paychecks, for education, housing, health care, and even transportation.
When young people say the economy is rigged against them, this is what they mean.
Thanks for watching,
Robert Reich
Inequality Media
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