The Unprecedented Debt Burdens Facing Millennials
Young people ages 20 to 24 face an unemployment rate of over 9 percent. Student loan debt was a burden that young people chose to incur, though increasing debt levels have been driven by poor federal policies. Unfunded health and retirement programs were never voted on or approved by the young, yet they are still liable for the countless unfunded promises made by past policymakers. America’s federal policies on higher education and health and retirement programs need to shift to reflect the growing public realization that these growing debts and the burdens that they place on millennials’ futures are unsustainable and unfair. Action sooner, rather than later, is no longer an option—it is a necessity.