But Seriously, Let’s Talk About Millennial Poverty
Hanna Brooks Olsen

This is a good article. But I don’t agree that millenials are poorer than their parent’s generation — from a global perspective. Our parents in the west had an amazing time of it — while Asia, Africa and South America had endemic and deep poverty. Now the world has globalised and record rates of people in those continents have been lifted out of poverty. It was only going to happen though if the west had to give something up.

This is great but admittedly globalisation has also increased the share of the rewards to the upper tiers and left a ton of people in the west who relied on smaller stable incomes much more insecure.

Anyhow I do agree with a lot of what you say above in that it needs discussion. And I understand — everyone looks at the world from their own perspective and from where they are sitting — but our generation isn’t poorer- unless you are only considering the west.

Like what you read? Give Nishul Saperia a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.