When it comes to the problems millennials face, we’re just not getting it. As I mentioned in my last post about the debt millennials have incurred, their predicament isn’t their fault. It’s their parents’ fault. It is baby boomers who led millennials astray.
“We suffered from the educational debt phenomenon because when we couldn’t find jobs, a lot of us went to college. Or we got graduate degrees. Our boomer parents encouraged us to fund a lot of that with debt, on the premise that it would eventually pay off in the job market. But that was clearly wrong, and we’re paying the price for it,” writes Wall Street Journal columnist Joseph Sternberg in this interview about his new book, The Theft of a Decade: How the Baby Boomers Stole the Millennials’ Economic Future.
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