Millennial Return on Investment
From the rising national debt ($13 Trillion and counting), to mounting personal debt to health care and retirement reform, issues of financial stability and well being affects all Americans. But the financial future of Millennials is especially at stake.
A few statistics from the Demos report, Economic State of Young America (2008) by Tamara Draut give a snapshot of the financial future of many Millennials:
- Members of the Millennial Generation will be the first to be paying off their personal student debt, while also paying for their children’s education.
- Today’s 20-somethings are likely to not be better off than their parents.
- Poverty among young people ages 18-24 is higher than the national average, with nearly 18 percent living below the official poverty line.
In November 2009, Mobilize.org and the Peter G. Peterson Foundation, in association with Lifetuner and AARP, brought a group of Millennials together in Chicago, IL to explore the numerous financial issues facing America and the Millennial Generation’s role in addressing them.
Summit participants developed the top ideas and solutions that Millennials, members of the public and private sectors can use to help our country secure a path to financial health. Participants also selected five projects related to improving the financial literacy and health of communities around our country to receive Democracy 2.0 Awards.
Millennial Return on Investment Democracy 2.0 Award winners:
The One Percent Foundation
Live Smart. by Wealth Watchers
myImpact.org
Gaming for Our Future
You Are Your Business Financial Wellness Program
Watch the complete MROI summit here:
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