Thursday, July 4, 2013

Teens pessimistic on future economic standing

The cable network MTV recently produced a study entitled “The New Millennials Will Keep Calm and Carry On,” which breaks down the millennial generation and the perceptions of the economy.

MediaPost reports that the study broke down the millennial generation in two parts, one being the younger skewing between the ages of 14-17, and the other being the older skewing twenty somethings. Interestingly enough, it is the younger millennials who have a more pessimistic view of the economy. About 60% of 14-17 year-old respondents think his/her generation will be worse off than his/her parents. The majority worry the current economy will negatively affect his/her potential futures.

Older millennials collectively responded in a more positive view of the economy. Reports show that this group believes that a successful future is possible and almost guaranteed with the help of college, working hard and playing by the rules.

While there was no distinguished reason why this group has split feelings of the economy, it may be due slightly to the fact that younger millennials may still be at home with the parents. Being at home and hearing the economic struggles from the parents’ perspective, may be a reason for the negative views of 14-17 year olds. 

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