Things like pensions are almost non existent, along with job security. Many young people who are working are hired as interns or independent contractors that give them far less benefits than being hired as regular employees.
When I went to college I had a university health plan and could go to my university hospital. This was in the 90’s
On top of the debt too that many young people carry things like rent and housing prices are higher than when they were before even adjusted for inflation. This is one of the reasons even people in their 30’s with jobs still live at home.
Yeah those university plans have super high deductible/high out of pocket maximum and are useless for most issues. I accept them at my business and deal with them on a daily basis. Also they're not cheap here up north and it's an awful plan. Compare a gold ACA plan vs university plan and it's not even fair. It's like comparing Jalen green to Stephen curry. Most low income gold plans have 750 dollar out of pocket maximum/250 deductible. The best plan you can find anywhere Most young folks are not working as independent contractors. The grad unemployment rate is literally lower today than almost at any point in the past 40 years. Why would they work as independent contractors when theres tons of grad level employment? Youre not making any sense sorry. Most young folks aren't working as independent contractors and theres no data to back up that claim. we are living in the best jobs market for young folks in the history of this country. These are facts
That’s not what it was when I went to school. The university plan then had a very low deductible and low out of pocket costs. Again this was the 90’s. Thats not been my experience. Do you have statistics that most aren’t working as independent contractors? Also that ignores that things like pensions and job security aren’t nearly as prevalent as they were before or that rents are very high even adjusted for inflation.
the Fox mouth pieces pretend as if the core inflation did not decline for 15 consecutive months B4 reaching the target (below 2%) in Nov 2023
I'm not sure what university plan you had cuz that literally doesn't exist. Have you seen how university plans have looked like in the past decade. Their awful plans and I don't even accept them at my business. ACA has 1000x plans for literally free for most of them. You keep talking about job security but grad unemployment % is the lowest it's been now in almost 2 decades....college students are landing better Jobs now than at any point.... https://healthselect.bcbstx.com/consumer-directed-healthselect
I went to college in the 90’s which is more than a decade ago. Also my college was much cheaper than what people are paying now. I went to one of the top schools in the World and don’t have any student loan debt. Most of the students who recently graduated from my Alma mater can’t say that. That’s my point though there were benefits that existed then for younger people that don’t exist now. By definition though if it was as good or better two decades ago this wouldn’t make it this the best generation. Leaving that aside though job security and pensions are very important for quality of life. That’s one of the reasons why the post WWII generation was able to build a Middle class life own a house even when they were in their 20’s. Yes employment numbers are good now but companies have far more power to cut workforce than they have previously.
Uhhh you know interest rates were higher in the 90s than they are now and % of folks owning a house in that age bracket are literally the exact same to where they are now? Why would employers have more power to cut the workforce now versus back then when grad level unemployment is much lower today than back then? Workforce participation is higher today than it was back then and we have lower unemployment? Employers are more likely to fire employees when we have lower unemployment/higher workforce participation? Huh? You're making literally no sense ? The 90s were a time when companies were outsourcing jobs overseas left and right and there was no job security. Now the huge focus is on onshoring jobs and bringing back manufacturing which creates tons of professional level jobs in the management sector?
The Republicans aren't even going talk about the economy or inflation for this Nov election. The entire election will be about the border and "woke culture wars" sigh
How trumpian is it that he tries to take credit for the stock market surge................the guy is a loon.....a loon I tell ya
You’re still missing the point. Your claim that this is the best generation economically isn’t supported as you’ve stated things have been as good or better before. That doesn’t mean they things aren’t much better now than they have in recent memory but compared to how the generation following WWII was able to build and retain wealth with things like pensions, and lower housing costs a lot of that doesn’t exist anymore.
