Andrew Stiles: Forever Broke : How Baby Boomers Are Bankrupting the Millennial Generation
Description
Rising journalist and fellow millennial Andrew Stiles is all too familiar with the financial realities of his generation--inescapable student debt, insufficient jobs, and the sort of apathetic response to the inevitable Social Security drainage that will leave them empty-handed in old age. But rather than resigning or whining, Stiles employs both humor and research to illustrate what is turning out to be a "bleakenomic" future for millennials. Some of his key findings include: U.S. debt is approaching 100 percent of GDP, the highest level since World War II.By 2050, debt is on track to reach an unprecedented 145 percent of GDP. Under one pessimistic (but probably more realistic) scenario, CBO estimates that debt could rise to 244 percent of GDP, which means lights out.By 2050, federal spending is projected to exceed 29 percent of GDP, levels not seen since the height of World War II. We're on track to spending more money on baby boomers in retirement than we did to defeat the Nazis.Since 1984, the median net worth for households headed by some-one under the age of 35 has declined 68 percent. For retirement age households, net worth has increased 42 percent over that same period. The result is the largest generational wealth gap in history. Boomers did better than their kids in early adulthood, and will do better than their kids in retirement.As millennials remain childless and single for longer, they face one of the highest tax rates (16.9 percent) for their demographic in the developed world.The millennial reality is harsh, but Stiles does not wallow in it. Rather, he uses the data as a slap in the face to shame boomers and wake up millennials to save, vote, and work for change in a system that can't continue.
Startling, fast-paced SF from one of the most striking new voices. A cigar-chomping monkey, nuclear-powered Zeppelins, electronic souls and a battle to avert armageddon. In 1944, as waves of German ninjas parachute into Kent, Britain's best hopes for victory lie with a Spitfire pilot codenamed 'Ack-Ack Macaque'. The trouble is, Ack-Ack Macaque is a cynical, one-eyed, cigar-chomping monkey, and he's starting to doubt everything, including his own existence. A century later, in a world where France and Great Britain merged in the late 1950s and nuclear-powered Zeppelins encircle Forever Broke : How Baby Boomers Are Bankrupting the Millennial Generation download book the globe, ex-journalist Victoria Valois finds herself drawn into a deadly game of cat and mouse with the man who butchered her husband and stole her electronic soul. Meanwhile, in Paris, after taking part in an illegal break-in at a research laboratory, the heir to the British throne goes on the run. And all the while, the doomsday clock ticks towards Armageddon.
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Author: Andrew Stiles
Number of Pages: 176 pages
Published Date: 22 Jan 2018
Publisher: Templeton Press
Publication Country: none
Language: English
ISBN: 9781599475325
Download Link: Click Here
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