The big danger, IMO, is the sheer frustration that the modern social and economic system puts on the demographic mentioned (18-29 year olds). "Maybe we should start smashing stuff until things are better" is really unappealing when you have a meaningful job, a spouse and children, a house, or are otherwise invested into the system. And when you're frustrated enough to have a negative view of markets, well, the field is ripe for extraordinarily dangerous mass movements.
Millennials are infantilized until later in life and, by and large, haven't been allowed to hold real responsibility until 22 or ever later. The affordability of passing gate-keeping milestones - such as owning a home, or getting a degree, or affording a stay-at-home wife and children - in terms of available opportunities has risen drastically. The divorce rate has risen tremendously, having an unprecedented rise in adults raised in broken homes.
Like, congratulations Baby Boomers, you successfully made housing and education expensive enough that your loans and real estate let you retire off the proceeds of people working to pay off their crushing debt. That just means a generation of angry single men in their twenties working pointless jobs, living with their parents, and frustrated with their inability to fulfill their social needs. If you're not scared of creating this demographic, you haven't studied history and psychology.
Millennials are infantilized until later in life and, by and large, haven't been allowed to hold real responsibility until 22 or ever later. The affordability of passing gate-keeping milestones - such as owning a home, or getting a degree, or affording a stay-at-home wife and children - in terms of available opportunities has risen drastically. The divorce rate has risen tremendously, having an unprecedented rise in adults raised in broken homes.
Like, congratulations Baby Boomers, you successfully made housing and education expensive enough that your loans and real estate let you retire off the proceeds of people working to pay off their crushing debt. That just means a generation of angry single men in their twenties working pointless jobs, living with their parents, and frustrated with their inability to fulfill their social needs. If you're not scared of creating this demographic, you haven't studied history and psychology.