Economy

Cryptocurrencies replacing traditional fiat currencies; wealth inequality; the economic impact of automation and the next industrial revolution—this page covers the trends and news that will influence the economies of the future.

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https://www.vox.com/recode/2019/5/10/18563895/facebook-chris-hughes-mark-zuckerberg-break-up-monopoly
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Vox
Regulating social media is more important than breaking up Facebook.
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https://knowledge.wharton.upenn.edu/article/how-social-media-leads-to-a-less-stable-world/
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Wharton
While social media platforms have irrefutable benefits, they are also major drivers of political Balkanization, writes Curtis Hougland in this op-ed.
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https://www.bloomberg.com/opinion/articles/2014-06-18/nailing-generation-z
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Bloomberg
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https://www.theatlantic.com/magazine/archive/2012/09/the-cheapest-generation/309060/
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The Atlantic
Why Millennials aren’t buying cars or houses, and what that means for the economy
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https://www.washingtonpost.com/news/wonk/wp/2015/04/28/millennial-women-are-the-slowest-to-have-babies-of-any-generation-in-u-s-history/?arc404=true
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The Washington Post
Career ambitions appear to play a lesser role in delaying parenthood than a sputtering economy.
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https://www.theatlantic.com/ideas/archive/2019/08/millennials-are-screwed-recession/596728/
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The Atlantic
Millennials are already in debt and without savings. After the next downturn, they’ll be in even bigger trouble.
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https://www.businessinsider.com/millennials-killing-industries-because-theyre-poor-2019-5
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Business Insider
A new study finds that millennials aren't actually different from Gen Xers or baby boomers in how they spend their money — they just have less of it.
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https://www.wsj.com/articles/millennials-continue-to-leave-big-cities-11569470460
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The Wall Street Journal
Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year, according to census figures that offer fresh signs of cooling urban growth.
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https://www.pewresearch.org/fact-tank/2014/09/25/the-gops-millennial-problem-runs-deep/
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Pew Research Center
Millennials are not only more likely to identify with Democrats, but even those who identify with the Republicans are less conservative than older Republicans.
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https://www.pewresearch.org/fact-tank/2014/09/25/the-gops-millennial-problem-runs-deep/
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Pew Research Center
Millennials are not only more likely to identify with Democrats, but even those who identify with the Republicans are less conservative than older Republicans.
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https://time.com/2974185/millennials-poll-politics/
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Time
Boomers just don’t understand what younger people are saying about politics and culture.
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https://www.cnbc.com/2019/11/05/millennials-earn-20-percent-less-than-boomersdespite-being-better-educated.html
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CNBC
Overall, millennials earn 20% less than baby boomers did at the same stage of life, according to a recent report, thanks, in part, to the effects of the Great Recession and a rise in contract work. That's leading to some long term problems for this generation.
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https://gen.medium.com/everyones-missing-the-obvious-when-it-comes-to-the-declining-u-s-birth-rate-679abebb854b
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Medium
The Center for Disease Control recently reported that the U.S. birth rate is at a record low. In an economy where babies cost a lot and paid leave is scarce, this should be no surprise.
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https://swampland.time.com/2013/05/09/millennial-politics/
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Time
This much is undeniable: In 2008, one recession and two long wars drove Millennial voters to the polls and helped elect Barack Obama. Millennials backed Obama again in 2012, but their future as reliable Democratic voters is far less certain.
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https://www.pewsocialtrends.org/2014/03/07/millennials-in-adulthood/
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Pew Research Center
Racially diverse, economically stressed and politically liberal, Millennials are building their own networks through social media – rather than through political parties, organized religion or marriage. Half now call themselves political independents, the highest share of any generation.
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https://www.economist.com/business/2020/05/23/zoomers-zeros-and-gen-z
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The Economist
The pandemic has widened two divides in the labour market
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https://reason.com/2014/03/07/millennials-very-politically-independent/
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Reason
Elizabeth Nolan Brown Millennials are poised to be the most politically independent generation yet, according to a new survey from
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https://www.youtube.com/watch?v=SnIEx4ym-vI
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The Guardian
In the UK, only one in four middle-income millennials are on the housing ladder. Twenty years ago, 65% of this group owned homes. What's changed? Is it possi...
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https://www.americanprogress.org/issues/democracy/reports/2009/05/13/6021/the-political-ideology-of-the-millennial-generation/
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Center for American Progress
Study from John Halpin and Karl Agne shows progressive political values and beliefs among young adults.
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https://www.wsj.com/articles/millennials-covid-financial-crisis-fall-behind-jobless-11596811470
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The Wall Street Journal
The economic fallout of the Covid pandemic has been harder on millennials, who are already indebted and a step behind on the career ladder from the last financial crisis. This second pummeling could keep them from accruing the wealth of older generations.
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http://davidburstein.com/fast-future/
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David D. Burstein