"According to the 2025 National Association of Realtors' Home Buyers and Sellers Generational Trends Report, 43% of younger millennials carry a median student debt of $30,000 with around 29% of older millennials having a median debt of $35,000. That's on top of the average millennial's credit card debt of $6,691, per Experian. Retirement? Seventy-five is optimistic. The American dream we were promised is behind us, and millennials, also known"
"nights I've stared at the ceiling wondering what I did wrong. I went to college, earned a master's degree, got jobs (plural) and, still, it feels like a relentless barrage of never enough. The gig economy, coined around 2009, has been advertised as flexible and independent work. The reality? It often correlates to temp jobs, part-time positions, app-based functions and contract work, leading to unstable pay, unreliable medical coverage and, in many cases, few to zero benefits."
Millennials carry substantial debt burdens and face constrained financial prospects. According to 2025 data, 43% of younger millennials have median student loans of $30,000 while about 29% of older millennials hold median loans of $35,000; average credit card debt is $6,691. Retirement savings outlook is weak and homeownership is increasingly unaffordable. The rise of the gig economy has produced temp, part-time, app-based and contract work with unstable pay, unreliable medical coverage, and limited or no employer benefits such as 401(k) matches. Economic shocks and societal changes including 9/11, the Great Recession, wars, and social media have shaped these challenges.
Read at www.mercurynews.com
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