Millennials, individuals born between 1980 and 2000, earn less money without college degrees than their predecessors and are more likely to die by suicide or drug overdose than any other generation.
"Millennials are the first generation to experience in a full-throttled way the social and economic problems of our time," says David Grusky, professor of sociology and director of the Stanford Center on Poverty and Inequality, in a statement. "We can think of them as canaries in the coalmine who reveal just how toxic those problems are. By assembling a report that provides a comprehensive understanding of their situation, we can go beyond the usual patchwork policy and begin to address underlying problems."
The study examined comprehensive data explaining integral factors in economic success or struggle, including education, employment and income, health, occupational segregation, economic mobility, debt and poverty rates, racial and gender identities, social connections, housing, and incarceration rates.
Comment: While it's easy to blame millennials on their troubles due to their unrealistic views and self-entitlement, one shouldn't overlook the fact that their attitude is a reflection of the downward path our society has taken - not just economically but culturally as well. See also: