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What Did President Obama Fail to Mention to Millennials?
Last week in Santa Monica, California, President Obama spoke of the achievements of the millennial generation—those of us born after 1980 and before the mid-2000s. He praised millennials for being the most educated, energetic, and tech-savvy generation ever, but he left out one important distinction: We are the most indebted generation in American history. And President Obama’s fiscal policies are making it worse. The class of 2015 will be the most indebted graduating class ever; each student will leave school with an average of $33,000 in student loan debt. Moreover, each individual’s share of the public debt now reaches about $40,000 and continues to grow.
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