Millennials Blame Unprecedented “Burnout” Rates On Work, Debt & Finances

millennials-blame-unprecedented-“burnout”-rates-on-work,-debt-&-finances

29-06-19 07:58:00,

The issue of Millennial ‘burnout’ has been an especially hot topic in recent years – and not just because the election of President Trump ushered in an epidemic of co-occurring TDS (Trump Derangement Syndrome) that sent millions of American twenty somethings on a never-ending quest for a post-grad ‘safe space’.

For those who aren’t familiar with the subject, the World Health Organization recently described burnout as “a syndrome conceptualized as resulting from chronic workplace stress that has not been successfully managed.” As birth rates plunge and so-called deaths from despair (suicides and overdoses) climb, sending the US left expectancy lower for multiple consecutive years for the first time since the 1960s, many researchers see solving the problem of burnout as critical to fixing many of our societal issues.

To try and dig deeper into the causes and impact of millennial burnout, Yellowbrick, a national psychiatric organization, surveyed 2,000 millennials to identify what exactly is making a staggering 96% of the generation comprising the largest cohort of the American labor force say they feel “burned out” on a daily basis.

The answer is, unsurprisingly, finances and debt: These are the leading causes of burnout (and one reason why Bernie Sanders latest proposal to wipe out all $1.6 trillion in outstanding student debt might be more popular with millennial voters than many other Americans realize).

Trump

Because of this ‘burnout’, a plurality of respondents said they experience mental and physical exhaustion tied to burnout on a daily basis.

Work, finances and socializing (that is, dating) were the top three reasons given for millennial burnout.

Work

When it comes to work, pressure to work long hours coupled with low pay and job insecurity were seen as the primary drivers of burnout.

Work

Amazingly, more than half of respondents said they work more than one job to make ends meet (having a second job has become known as having a “side hustle” in millennial parlance). 

Burnout

When it comes to coping with burnout, the top strategies listed were watching Netflix/Hulu, sleeping and exercise. And for those who take drugs to cope,

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Millennials & Gen Z Support Big Gov’t: Academic Brainwashing Or Young Naiveté?

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24-01-19 09:04:00,

Authored by Mike Shedlock via MishTalk,

Among Republicans, Gen Z stands out in views on race, climate and the role of government.

Pew has an excellent report on changing attitudes of generations. In that regard, Generation Z Looks a Lot Like Millennials on Key Social and Political Issues.

No longer the new kids on the block, Millennials have moved firmly into their 20s and 30s, and a new generation is coming into focus. Generation Z – diverse and on track to be the most well-educated generation yet – is moving toward adulthood with a liberal set of attitudes and an openness to emerging social trends.

On a range of issues, from Donald Trump’s presidency to the role of government to racial equality and climate change, the views of Gen Z – those ages 13 to 21 in 2018 – mirror those of Millennials. In each of these realms, the two younger generations hold views that differ significantly from those of their older counterparts. In most cases, members of the Silent Generation are at the opposite end, and Baby Boomers and Gen Xers fall in between.

It’s too early to say with certainty how the views of this new generation will evolve. Most have yet to reach voting age, and their outlook could be altered considerably by changing national conditions, world events or technological innovations. Even so, two new Pew Research Center surveys, one of U.S. teens ages 13 to 17 and one of adults ages 18 and older, provide some compelling clues about where they may be headed and how their views could impact the nation’s political landscape.

Only about three-in-ten Gen Zers and Millennials (30% and 29%, respectively) approve of the way Donald Trump is handling his job as president. This compares with 38% of Gen Xers, 43% of Boomers and 54% of Silents. Similarly, while majorities in Gen Z and the Millennial generation say government should do more to solve problems, rather than that government is doing too many things better left to businesses and individuals, Gen Xers and Boomers are more evenly divided on this issue. For their part, most Silents would like to see a less activist government.

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Steeds meer millennials kunnen geen huis betalen – Marketupdate

Steeds meer millennials kunnen geen huis betalen – Marketupdate

25-09-18 12:19:00,

Uit een nieuw onderzoek van onderzoeksbureau Zillow blijkt dat steeds meer millennials in de Verenigde Staten langer bij hun ouders blijven wonen, omdat ze geen eigen huis kunnen veroorloven. In de leeftijdscategorie van 24 tot 36 jaar woont iets meer dan een kwart (25,5%) thuis bij de ouders, terwijl dat in 2005 slechts 13,5% was. Opvallend is dat er ook steeds meer millennials ook na het afstuderen nog thuis blijven wonen. Was dat in 2005 bij 19% het geval, dit jaar geldt dat al voor 28% van de afgestudeerden.

Dat meer millennials thuis blijven wonen is het gevolg van een verslechterde financiële situatie. Net als in Nederland hebben ook jongeren in de Verenigde Staten veel meer studieschuld opgebouwd, waardoor het lastiger is geworden om een hypotheek te krijgen. Daar komt bij dat de huizenprijzen al een aantal jaar stijgen, waardoor de betaalbaarheid van woningen voor starters is afgenomen. Jongeren die te weinig geld verdienen blijven bij hun ouders wonen of moeten huren, waardoor ze minder vermogen kunnen opbouwen.

Stijgende woonlasten

Dat de stijging van de huizenprijzen merkbaar effect heeft op de woonsituatie van millennials blijkt ook uit het onderzoek van Zillow. In de gebieden van de Verenigde Staten waar de woonlasten het hoogst zijn kiest meer dan 30% van de millennials ervoor om thuis wonen. In de gebieden waar wonen goedkoper is gaan twintigers en dertigers sneller op zichzelf wonen.

De lage hypotheekrente lijkt gunstig voor starters, omdat ze daardoor meer kunnen lenen voor een huis. Het resultaat is echter dat de huizenprijzen even hard stijgen en dat starters per saldo meer geld lenen voor dezelfde woning. Een stijgende rente kan de situatie voor starters op termijn misschien verlichten, omdat de huizenprijzen hierdoor weer zullen dalen.

Dat steeds meer jongeren moeite hebben om een huis te kopen laat zien dat niet iedereen profiteert van het economische herstel van de laatste jaren. Vooral jongeren met een studieschuld of een flexibel arbeidscontract zijn door de stijgende huizenprijzen beperkt tot huren en thuis wonen.

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