Topic: Millennials Get None of the Era’s Dividends! - page 2. (Read 558 times)

Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

The Baptism of the Financial Crisis
The 2008 financial crisis was a major setback. Just as we were gearing up to make our mark, the economic wave crashed over us. The job market turned into a post-apocalyptic scene, with unemployment rates soaring and newly minted graduates taking any job they could find. Picture someone with a master’s degree working at a coffee shop — sounds inspiring, right? Actually, we’d prefer stable career paths over “starting from the bottom” motivational stories.

The Cutthroat Job Market
The job market is like a giant gladiatorial arena, where a high degree is the bare minimum. Our generation not only competes with peers but also with overqualified “gods” in the job market. Internships, gig work, and temp jobs have become the norm. Job stability? What’s that? Sometimes, it feels like we’re starring in a workplace version of “The Hunger Games.”

The Pandemic “Assist”
Remember the COVID-19 pandemic? That really added insult to injury. Remote work sounded like a dream at first, but we ended up as 24/7 on-call “work machines.” Those once-clear career plans were turned upside down. Mental health? In this “work frenzy,” anxiety and stress became our new normal. Plans and goals seemed to vanish overnight.

The Squeeze of High Inflation and Rising Interest Rates
Next, welcome to the era of high inflation and rising interest rates. House prices skyrocketed, leaving us staring at our dream homes from afar. The constant rise in student loans and living costs made it hard to breathe. Financial security became the top priority, and major life decisions? They had to wait. More and more Millennials are delaying buying homes and starting families, simply because their wallets can’t keep up.

Work hard to make money, but the wallet stays empty
In this environment, financial security became paramount. According to a global survey by payroll services company ADP, only 25% of Millennials (ages 24–34) prioritize enjoyment in their daily work when choosing a job, compared to 45% of Baby Boomers aged 55 and over. Instead, 56% of Millennials prioritize salary, a higher percentage than the 44% of younger employees aged 18–24. Millennials also value career development opportunities more than other age groups. We’ve turned into realists because dreams don’t pay the bills.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

In some countries, their economy has gone from bad to worse, which means the baby boomers and not the millennials or Gen Z should count themselves lucky. My father told me of a time when immediately you graduated from school, there was a job waiting for you to grab. There was less population and less competition in the job market.

When a country is experiencing a population explosion without economic development, citizens begin to suffer. In my country, our fathers will always talk about how lucky they are. They pity us because we have to engage in more than one job to survive; meanwhile, they had a good life doing one job. Life in developing nations like mine keeps getting harder, and sometimes I wonder what is the hope of our children. But like you said, we don't have to give up; we will keep fighting until we build a better future for the next generation

The 2008 economy crisis was basically a buying opportunity.

Great article. Where did you copy that text from? 
I hate the "poor me" mentality. What about the generation that survived the Great Depression and World War II? Are they luckier than the millennials or no? The Great Depression was way worse in comparison to the 2007-2009 financial crisis.

We are lucky to be in the millennial era like today because there are many conveniences that we can do.
There is no success without fighting for it and it depends on each individual because even though there are many opportunities without fighting for it is useless.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

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Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

I think millennials were very luck.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities.

It's funny listening to people complaining about how they are suffering from inflation and high interest rates as if they have never happened before. Today's rates are nothing compared to rates in the 70's and 80's. And let's not forget that inflation and interest rates have been unusually low for the previous 20 years.