Home | Economy and Finance | Killer Millennials: The Era Of Destruction Has Started

Killer Millennials: The Era Of Destruction Has Started

money

According to Neil Howe, the Fourth Turning is a crisis and it’s happening right now.

The United States is in an era of great destruction, as the old institutional way of life created by past generations is being systematically destroyed by the incoming generation i.e. the millennials. This transitional period is cyclical and has happened before – most recently during the Great Crash of 1929. Creative destruction is essential for the nation’s survival, as the millennials are rewriting America’s next journey – much different than before.

Already, the preferences of millennials’ are killing dozens of industries such as department stores, diamonds, food chains, and real estate. Life decisions such as marriage and a starter home are being delayed or totally abandoned. Millennials are swamped with student- and other forms of toxic-debt in a period of wage stagnation that makes their financial mobility limited.

They will be the first generation not to achieve the American Dream, along with a lower standard of living than their parents.

Given the backdrop of America’s transition induced by millennials in a fiat system that is considered late-stage. Cracked provides a 3-minute breakdown of why millennials are killing industries.

The video focuses on the diamond industry and provides various motives of why millennials aren’t buying the precious stone.

In particular, the video makes the point millennials are heavily in-debt and cannot afford marriage, thus breaking the long lasting cycle of tying the knot, which usually involves buying a diamond ring. Not anymore, millennials are broke. And there goes the diamond scarcity that was produced by prior generations who could afford to get married.

Soon the American Dream will have to be redefined in accordance with the millennials.

Spoiler alert: there will be no family, goldendoodle, and or white picket fence in the new normal Millennial American Dream. It will be the attempt to go debt-free.

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).


Contributed by Zero Hedge of www.zerohedge.com.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Human Verification: In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


x

Check Also

As Americans Argue Over Russia, US Gov’t Quietly Allows ‘Dark Money’ Groups to Keep Donors Secret

No matter an individual’s political stance, or beliefs on whether the Russian government tried to influence the 2016 election, the fact that the U.S. federal government appears to be acting in favor of those “dark money” donors is incredibly troubling.

‘We Don’t Tip Terrorist’ Note Writer Banned From Texas Restaurant

A customer left a racist note on their check in a Texas steakhouse, unleashing an outpouring of fury and support for the waiter who was bizarrely branded a terrorist.