Boomer Bequest Is Millennial Misery

   < < Go Back
from The Wall Street Journal,

Saddled with student and public debt, today’s young adults will long pay the price for our elders’ folly.

Will 2020 be the political year of the millennial? It ought to be. Some 27% of next year’s electorate will belong to that generation, born between 1981 and 1996—almost exactly matched with the 28% comprised of baby boomers (1946-64). The oldest of us—I was born in 1982—are eligible to run for the presidency. Rep. Tulsi Gabbard, 38, and Mayor Pete Buttigieg, 37, are doing so.

Millennials will probably have to wait to enter the White House, but we’re making our influence felt. Presidential hopefuls like Elizabeth Warren are pandering to us with promises to forgive student loans, and Democratic House leaders are struggling to tame young members on questions like impeachment.

Democrats will work hard to hold the support of millennials, which helped elect Barack Obama but wasn’t enough for Hillary Clinton. Yet Republicans can’t take for granted that today’s young liberals will age into tomorrow’s conservatives. Millennials face a unique set of economic challenges and will impose new demands on U.S. politics in years to come.

The first political challenge is the most frustrating: proving to our elders that we are in economic trouble.

More From The Wall Street Journal (subscription required):