“Yes, caution is the generational watchword of the moment. Surveys show younger adults are wary of risks and disillusioned with the returns on homes and stocks. Yet the sobering memories of financial bets gone bad and the embrace of greater financial conservatism could eventually pay off big … It doesn’t take rose-colored glasses to see a more optimistic scenario, especially for young adults.”
Chris Farrell’s cheering “Case for Economic Optimism” argues that 2012 is actually a great year to be young — student debt, unemployment and all. Read more, it’ll make you feel better.
“Corporations that exclude culture deny themselves crucial intelligence. There’s a solution: engage Millennials. Take advantage of what they know. Promote them in the organization. Install them in the C-Suite. It’s simple really. It’s time to let Millennials roll up their sleeves, show off their tats, and get to work.”
Grant McCracken in the Harvard Business Review, explaining how young workers are different — and why companies need them.
The U.S. suffers from staggering economic inequality — as staggering, in some places, as Nigeria, El Salvador and the Dominican Republic. Richard Florida ran the numbers and compared cities in the U.S. to highly unequal foreign countries. That colorful map might look pretty, but its implications for U.S. income inequality are not.
Are you better or worse off now than you were four years ago?
You can compare yourself against other Americans by taking our quiz!
People save less now than they did four years ago — and way less than they did in 1982, when saving hit a record high. What’s up with that, America?! You can tell us in this handy poll and read more about indicators here.
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