Fear Your Future

It’s become fashionable to demean millennials as the “snow flake” generation. Raised during the peace and prosperity of the ‘90s, they’re often perceived as carrying an entitlement mentality and of being incapable of handling adversity. But Philip Klein sees them differently. Given the economic head winds they faced at the start of their working lives, millennials have shown commendable fortitude. And as Klein argues, they will need to maintain this character strength going forward because further challenges loom in their future.

The aftershocks of the Great Recession, the skyrocketing cost of living, and the titanic weight of student loan debt have made the American Dream seem to be forever retreating toward the horizon. As if that weren’t enough, millennials will face the largest federal debt in history as boomers retire and extract trillions of dollars from Social Security and Medicare—far more than they contributed.

Now politicians clamoring for the millennial vote in 2020 are making overtures toward socialism, and millennials are responding positively—understandably so, considering how the economic cards are stacked against them. But, as Philip Klein shows, the reality is that such policies would only make their burden infinitely heavier.

In this concise, data-driven book, Klein begins the work of brightening the future for millennials by analyzing the problem compassionately yet objectively. There are real reasons to worry about what lies ahead if nothing changes. But the facts laid out in Klein’s book can steer the conversation to realistic solutions.

 

About the Author

Credit: Graeme Jennings

Philip Klein is the executive editor of the Washington Examiner. He has written extensively on federal politics and policy from the nation’s capital for well over a decade, and his analyses are widely referenced across the ideological spectrum. He started his journalism career in New York, where he was a financial reporter for Reuters. Over the years, he has written for or been cited by the New York Times, Wall Street Journal, Washington Post, Los Angeles Times, and Bloomberg, among many other publications. He has also appeared on television and radio, including on Fox, Fox Business, CNN, MSNBC, and NPR. He is a graduate of George Washington University with degrees in history and economics, and also holds a master’s degree in journalism from Columbia University. He is the author of Overcoming Obamacare: Three Approaches to Reversing the Government Takeover of Health Care.

Credit: David Harsanyi

David Harsanyi is a senior editor at the Federalist, a nationally syndicated columnist, a frequent contributor at the New York Post and National Review, and author of four books including his most recent book, First Freedom: A Ride Through America’s Enduring History with the Gun.

Credit: Amber Schwartz

Ramesh Ponnuru is a senior editor at National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at National Review Institute. He is a member of Generation X.