To whom it may apply in this generation, they'll be angered by these words, these truths, and thus easy to recognize for whom they are. If this generation had eyes to see and ears to hear then they’d have been prepared to avert disaster, (the signs were there). Yet surely they don’t want to see nor hear truth lest they must face reality instead of their individual false realities… Before the glory of Rome was falling the generation then was just as blind as our generation today.
For this generation there will be an increase in home grown terrorism in America, violence and instability will increase, the dangerous ideology spawned from the book Milestones will continue to be ignored by authorities, our nation’s economical troubles will continue, more liberties will be threatened, and wisdom will continue to decrease while a moral compass comes close to obsolete.
~N.Moore
“The Millennial generations' business initiatives declined to a six-year low. For every 100,000 young adults, only 230 startups were created. Whereas in the 55 to 64 and the 35 to 44 age groups, 340 business per 100,000 people were created.”
Kauffman Foundation report, in 2012
Studies show that Millennials are more likely than their elders to spend big, "especially on new technologies," says Julie Halpert at The Fiscal Times. These studies say Millennials are addicted to instant gratification, and view new gadgets as needs, not wants. They are also "the fastest-growing demographic of those who purchase luxury goods," says Rachel Krause at The Frisky, engaging in the kind of "lavish, indiscriminate consumerism" that will lead to the "death rattle" of their bank accounts.”
Twenty five percent of Millennials "reported not having enough money to cover their basic needs," a much higher percentage than older generations, says Corilyn Shropshire at Business Insider.
Millennials are less financially literate than their parents, and "the lack of financial savvy among Millennials could have a trickle-down effect with detrimental consequences for society," says Hadley Malcom at USA Today. “Polls show that 49 percent of Millennials "view socialism in a favorable light," compared with 43 percent who view it unfavorably. Millennials are also the generation of Occupy Wall Street, the anti-corporate movement, and "it's not hard to figure out why our generation isn't so gung-ho about capitalism — it has disappointed and, in some cases, straight-up failed us." Nona Willis Aronowitz at Good.
“One study says that Millennials are more narcissistic than their elders, and increasingly value "money, image, and fame more than inherent principles like self-acceptance, affiliation, and community." While college students in 1971 ranked "being very well off financially" as their number-eight concern, for Millennials it's consistently at "the top of the list." Joanna Chau at The Chronicle of Higher Education.
“Millennials "are voting in increasing numbers," says Fred Bayles at Metro. Millennial support for President Obama was a key to his 2008 victory, and they overwhelmingly supported him over Mitt Romney in 2012, too.” (“We've made no progress whatsoever in terms of our political sophistication, and indeed, young people today may be worse because, thanks to their visual environment, they've stopped reading history and they've stopped reading the world's great literature." James Flynn, academic and author of Are We Getting Smarter, became famous for finding a massive increase in IQ test scores from one generation to the next. His research has come to be known as the “Flynn Effect.”)
http://consulmoore.blogspot.com/2013/03/iq-tests-improve-in-america-yet-wisdom.html
Millennials biggest stresses are "money, work, and the cost of housing." They are also "more likely to say that relationship problems were sources of stress," and less likely "to express their feelings in their relationships,” says Alice G. Walton at The Atlantic.
The world economy is set to be even worse for the Millennial Generation, for here is a quick look at some key data emerging from around the world:
http://finance.yahoo.com/news/heres-argument-entire-world-economy-145629302.html
The U.S.
- Housing, which has been a huge part of the economic recovery, is also showing signs of stalling. Building permits are down, homebuilder confidence is down, foreclosure starts are up, and capacity constraints among mortgage lenders are also impacting the recovery.
- America's manufacturing Renaissance also looks to be a way off. The Empire Fed manufacturing survey fell to 3.05 in April, missing expectations. This morning we saw the April Philly Fed fall to 1.3, with the unemployment sub-index falling to -6.8.
- Retail sales unexpectedly fell 0.4% in March. Nomura pointed out that the downward revisions to sales in the last two months showed that "consumer adjustment to lower disposable income at the start of the year has begun." Consumer confidence also missed expectations and fell to 72.3 in April, from 78.6 in March.
- And of course there is the jobs report, which showed that only 88,000 new jobs were created in March, very shy of expectations for 190,000. The unemployment rate fell to 7.6% but this was because of a decline in the labor force participation rate.
- On top of all this, there's the sequester, which has only just gotten going.
- Germany has seen some positive data, but economic sentiment tumbled to 42.
- In the United Kingdom, joblessness climbed by 70,000 to 2.56 million from December through February. The unemployment rate climbed to 7.9%. Moreover, Retail sales, including fuels, fell 0.7% on the month in March, and 0.5% on the year. And next week's GDP data will tell us if the U.K. has entered a triple-dip recession.
- Chinese GDP slowed to 7.7% in Q1, missing expectations of 8% growth. Industrial production, manufacturing (as represented through PMI) and exports also missed expectations.
- The government's crackdown on corruption by way of 'gift giving' has impacted retail sales, especially the catering industry.
- Latest data also showed that Chinese home prices were up in 68 of 70 cities surveyed. First-tier cities posted a huge rise in home prices. Policymakers are likely to continue with tightening measures to limit a rebound in property prices and shadow banking.
“The wealthy elite may have been using the rules to the game passed down for generations but they are not of superior intellect and the evidence is there to be seen. Just looking at our present economy and our nations rising deficit, this shows how those who rule over the masses have a flawed system in place. Those of elite status who ruled over humanity in Roman times they also showed how their system was flawed, as the world fell into the Dark Ages. History is about to repeat herself once again…” But what if they, the wealthy elite, do know what they're doing? Humanity is not beyond being domesticated.
