State of Young America: Education and Employment in Millennial Generation

The State of Young America, a new report released by Demos and Young Invincibles, presents the results of a series of surveys and focus groups conducted with members of the Millennial generation—people between 18 and 34 years old. The report—divided into sections on jobs and employment, higher education, healthcare, cost of living, and family life—presents a bleak picture. Millenials earn lower adjusted wages than Americans the same age earned thirty years ago, even as the cost of education, health care, child care, and housing continues to rise.

Despite the rising prices, Millenials place great value on education. In fact, this generation has the highest college enrollment rates of any generation ever in America. This may be a matter of necessity, though—the report also indicates that Millenials are much more likely to be negatively impacted by a lack of college education than older Americans. Furthermore, enrollment discrepancies by race and income persist, and shrinking financial aid sources are increasingly moving from grants to loans, contributing to growing student debt loads.