Today's millennials don't seem to have a chance...
Those that were/are willing to give it a try are up to their eyeballs in college debt for a degree that has low demand in the market. Thanks to government backed loans the colleges are making sure that they will offer a degree to anyone regardless of the wisdom. Those that seem to have persevered and gained useful employment will likely be buying a house that is too big with a bigger price tag. They will be in debt forever.
Some say that the ever increasing wealth and prosperity that was bestowed on the baby boomers came from the massive debt over many years resulting in a transfer of wealth at the expense of future generations. Those future generations are now going to pay the price.
It's a world problem that may require generations before things "normalize".
Trump has some good ideas but he may have to rethink his strategy when he finds out how much pork in the form of amendments is required to get his bills passed. In the near term he appears to be be making a bit of progress by getting some manufacturing to either move or stay in the US. You have to ask how much of this is Trump and how much of it is the significant increase in the US $$. An increase in the US$$ makes it more expensive for manufacture to sell outside the US. This will have a different tone if/when the $$ weakens.
So... How all this unfolds remains to be seen. A stronger $$ should make for a better consumer environment but if we start imposing import taxes on the hold outs that will likely result in higher prices and inflation.
Bottom line is that I think the millennials are screwed... A failed education system, few job opportunities, large debt and higher prices.
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