If there’s one thing we can all agree on, it’s that capitalism isn’t working – well, at least for younger generations who get to ‘enjoy’ the scraps left by their predecessors.While it might not be totally right to pitch our forks at white middle-aged billionaires – you know, your Elon Musks and Jeff Bezoses, the totems of what’s wrong with today’s economy – tell that to 8-in-10 young folks who feel like the possibility of owning a house in this day and age is rather laughable.
Sure, addressing both capitalism’s finicky structure and the way it continues to affect Gen Xers’ and millennials’ livelihood won’t fix what’s already broken. Neither will crying and meme-ing into our Twitter feeds. But at least we have that (until Musk runs it to ruins, of course).
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In the midst of a seemingly thriving economy, a disheartening reality persists for a significant portion of young Americans who find themselves grappling to make ends meet. As the value of their hard-earned salaries continues to dwindle, more and more Americans are compelled to embrace the burden of additional workloads.
Startling statistics from a 2018 Bankrate survey expose the extent of this crisis, revealing that nearly 40% of the population now holds a secondary job. This fervent pursuit of supplementary income is particularly prevalent among millennials, with a staggering 51% resorting to some form of a side hustle to combat the financial strain – as if the record rates of burnout cases and depression weren’t an indicator that the system is majorly flawed.
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