Home > Uncategorized > Are Millennials fickle or spoiled? The economic facts tell a different story

Are Millennials fickle or spoiled? The economic facts tell a different story

Global News

Millennials (those born between the early 1980s and mid-1990s) are often derided in popular culture as being fickle, lazy and entitled compared to their parents, the baby boomers (those born between 1946 and 1965). While there is a lot of anecdotal information available, it is important to examine whether the facts line up with popular preconceived notions, particularly in areas such as unemployment, wages, debt levels and government policy. I have used information from Statistics Canada to provide some insights.

Unemployment and wages

While the youth unemployment rate (those between the age of 15 to 24) generally trends higher than the rest of the workforce, it has remained relatively constant since the late 1970s at around 14.3 per cent. In comparison, when baby boomers entered the workforce, between 1961 and 1975, the youth unemployment rate averaged around nine per cent. Thus, since the late 1970s youth unemployment has remained relatively…

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