Typical characteristics used to describe Millennials are as follow: short attention span, reluctance to leave the nest, and need for immediate gratification. Other descriptions include words such as disengaged, lazy, and narcissistic. What can I say, we’re a charming bunch.
But according to a survey produced by USB in 2014, the Millennials are cost-conscious as well. As reported by the Guardian, Emily Pachuta said the Millennials are very conservative when it comes to managing their money.
“They are becoming a generation of savers, having been frightened watching what has happened to their parents during the Great Recession,” Pachuta added. It hasn’t helped that their own generation has struggled with job security issues. If you’re under 30, you’re twice as likely to be unemployed as you were before the 2008 financial crisis.
Maybe that’s why Democratic candidates are attempting to gain the favor of young voters by offering free college education.
An article produced by Inside Higher Ed on Friday outlined the promises of Democrat candidates as follows:
“We have to deal with the indebtedness to try to move toward making college as debt-free as possible,” Clinton said at a campaign event in Iowa last month.
“While not every college needs to graduate every student debt-free, every kid needs a debt-free option — a strong public university where it’s possible to get a great education without taking on loads of debt,” Warren said in a speech earlier this month.
“Our ultimate goal must be for every student, most especially low-income and middle-class students, to be able to go to college debt-free,” O’Malley wrote in a Washington Post op-ed.
When looking for a solution, however, the candidates as a whole lack a clear vision for obtaining funds. The only candidate to offer an outline is Sanders, who proposes taxing large investment firms $47 billion per year in order to finance the program. He refers to the program as the “Robin Hood tax on Wall Street,” though technically Robin Hood took from the government to repay the over-taxed, not the bankers to repay the student loan companies.
If Democrat candidates want Millennials’ votes, they need to come up with a solution for cheap education, preferably one that doesn’t involve pickpocketing or taxing the hell out of our future employers, and fast. After all, we only have an average attention span of eight seconds.
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