Income inequality is affecting a younger generation of workers more than anyone else. So why are young people especially vulnerable? CNBC’s Elizabeth Schulze explains.
Why is inequality worse for young people?
Comments
Write a comment
You must be logged in to post a comment.
Need to prevent people from buying up all the suburban homes close to the city, which prices young people out of the market.
I think a good policy would be to enforce rent to own policies for landlords. No one should have to spend their entire life paying rent when they could have bought the place with the same money.
Training and good paying job can play good role for us. ❤️
US came up with this skewed GDP economic model and now in long term it is clear that this model fails its citizens. US will collapse with 3x debt than the quantity of money flowing, if it doesn't write it off. Improving Citizen's life standard should have been the goal that includes several aspects apart from economics. No doubt wealth is concentrated in few 10,000 hands while billions suffer. It is akin to dark ages when the King of the country and his few royals amassed all the money while citizens were left to raid and famines, how is current GDP model different? Hope emerging and poor economies do not adopt this foolish model and focus on life overall and not on bottling up every free resource up to be sold to only those who have money.
I see a video full of complainers and no action takers
THE WHOLE EU IS A NIGHTMARE FOR MILLENNIALS.HAVING ONE PAGE OF RESUMES OF WORK EXPERIENCES AND A DIPLOMA DOESN'T GUARANTEE YOU FOR A JOB THERE BELIEVE ME.UNTIL NOW,THE REQUIREMENTS FOR A SOMEBODY TO GET A JOB IS CONFUSING ME FOR SURE BECAUSE IF GOOD SCORES, DIPLOMA,AND A SHITLOAD OF WORK EXPERIENCES DOESN'T NEEDED BY YOUR EMPLOYER AND YOU STILL FOUND DIFFICULTIES OF FINDING ONE,I DON'T KNOW WHAT ELSE
Equality isn't synonim of prosperity
It's really stupid how the government expects young people to have kids with the wage most of us make. I'm 27 and I dont see myself having kids anytime soon. I make a decent living to sustain myself, but not a family. I pay double tax, because the company I work for has it's headquarters in another city…… and not the city where I work. What????… I know I'm not the only one, but that doesn't make sense……
From my view, education is the asset for income growth. Maybe government can propose tax reduction for the young employees in pursuing higher education such as master degree or professional certificate while working.
JavaScript.on.com
The problem is too many millennials, seriously.. The gen-x is smaller in shear numbers than the boomers and millennials , therefore making the newest generation ( the millennials ) redundant to the needs of gen-xers. Also factor in Ronald Reagan's push to destroy middle management and you have a deficit of competent people to run things on a managerial level. Honestly and historically, war is the only thing that has been shown to correct human surplus levels. Likewise lawn darts and eradication of generational wealth, but the odds of either of those happening is zilch. We need another war to get rid of all of this excess young meat running about.
ive earned millions through trading assets and creating my own startups. the plight of the masses are of no concern to me.
wealth tax is stupid, raise marginal rates if anything lmao
If we implement communism, you could Solve all these problems !
-some progressive Utopien
The 1% don't take a slice of income. The 1% create businesses that employ everyone else. Quit lying to people you hateful leftist nutcase.
Because young people are starting at the bottom and have to work their way up! I was poor when I was young and it took many years to earn and save and buy a house and have enough to retire.
Free Education is one way to reduce income inequality, this would enable the students to graduate debt-free and give them the opportunity to start off a career in a more solid financial position.
bottom USA 50% are on welfare
This is my favorite host
our education is way better so your logic doesnt make any sense
this video is such fckn bullshit. unemployment for young people is high simply because in allot of places we dont have to work or work very little to pay for school so everyone around our age group is in school so of course your not gonna be part of the middle class.
dont marry, share rooms, sublet, get a's, use spare time to outsource for income. claim insurance, dodge taxes cook at home. Use public transport if possible.