{"id":27309,"date":"2020-01-30T17:02:59","date_gmt":"2020-01-30T22:02:59","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=27309"},"modified":"2020-02-13T19:11:54","modified_gmt":"2020-02-14T00:11:54","slug":"millennials-and-money-a-shared-sense-of-destiny","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/millennials-and-money-a-shared-sense-of-destiny\/","title":{"rendered":"Millennials and Money: A Shared Sense of Destiny"},"content":{"rendered":"
>> Back to February 1st Edition 2020<\/a><\/div>\n

\"ThornburgMillennials are the proverbial whipping boy of the media. A multitude of tropes, memes and satire exist about unsavory stereotypes of my generation. Some include a dose of truth; others appear completely fabricated as part of some generational rite of passage. It\u2019s not surprising that the world continues to be fascinated by Millennials and our impact on the world. We comprise the largest portion of the U.S. workforce. Millennials\u2019 inability to reach traditional financial milestones in part contributes to the tongue-lashing they receive in the media and often in the workplace.<\/p>\n

We are indeed a product of a different world. Millennials have grown up in a time of immense change: the (first) Gulf War as children, the rise of the Internet, the bursting of the dot-com bubble, the falling of the Twin Towers, the beginning of the global war on terrorism and the Iraq War. Many of us also began our careers just as the great financial crisis was getting underway. Meanwhile, the generation has experienced a rapid rise in educational costs only to face wage stagnation and a shrinking path to home ownership and family creation.<\/p>\n

Despite these challenges, the shared experiences of Millennials have created an increased sense of shared destiny. No previous generation has been able to establish connection more easily, thanks to the rise of social media and the Internet. Seeing firsthand (via the web) the effects of market events and being able to share our responses to them has made risk very real for Millennials when making financial decisions. It has created a unique set of values with how we interact with money and our investments.<\/p>\n

Consequences for One Means Consequences for All<\/h2>\n

While I have a lot of shared financial experiences with my Millennial cohorts, one area where my journey is dissimilar is a lack of student loan debt. Along with many compatriots of my generation, I paid for college via the GI Bill. So, while I don\u2019t personally experience the student loan debt hangover shared by some of my Millennial peers, the tradeoff was not without personal risk.
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