Millennials carry substantial debt burdens and face constrained financial prospects. According to 2025 data, 43% of younger millennials have median student loans of $30,000 while about 29% of older millennials hold median loans of $35,000; average credit card debt is $6,691. Retirement savings outlook is weak and homeownership is increasingly unaffordable. The rise of the gig economy has produced temp, part-time, app-based and contract work with unstable pay, unreliable medical coverage, and limited or no employer benefits such as 401(k) matches. Economic shocks and societal changes including 9/11, the Great Recession, wars, and social media have shaped these challenges.
"According to the 2025 National Association of Realtors' Home Buyers and Sellers Generational Trends Report, 43% of younger millennials carry a median student debt of $30,000 with around 29% of older millennials having a median debt of $35,000. That's on top of the average millennial's credit card debt of $6,691, per Experian. Retirement? Seventy-five is optimistic. The American dream we were promised is behind us, and millennials, also known"
"nights I've stared at the ceiling wondering what I did wrong. I went to college, earned a master's degree, got jobs (plural) and, still, it feels like a relentless barrage of never enough. The gig economy, coined around 2009, has been advertised as flexible and independent work. The reality? It often correlates to temp jobs, part-time positions, app-based functions and contract work, leading to unstable pay, unreliable medical coverage and, in many cases, few to zero benefits."
Read at www.mercurynews.com
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