Political future of Millennials uncertain
Much has been written about Pew’s recent study on Milliennals, showing a generation that is more ideologically liberal and pro-government than previous generations. But a counter narrative seems to be emerging, reported at the Fiscal Times:
[Millennials are] collecting unemployment, signing up for food stamps, moving back home, and growing increasingly concerned about the future. A New York Times/CBS poll showed that 46 percent of Americans think the younger generations will be worse off than their parents, up from 32 percent last year. The Millennials — people born around 1980 and coming of age at the turn of the century — are the largest generation in the history of the country, about 80 million strong. In The Trophy Kids Grow Up: How the Millennial Generation Is Shaking Up the Workplace, Ron Alsop wrote, “If there is one overriding perception of the Millennial generation, it’s that these young people have great — and sometimes outlandish — expectations.” Described as confident, tech-savvy and optimistic, they are now seeing the American dream they once felt entitled to slipping through their fingers.
What will be the impact of this trend? Will Millennials become dependent on government or disillusioned with government? As David Boaz and I argued in our Cato study, “Libertarian Vote in Age of Obama,” Millennials seem prone to disillusionment, given the evidence of 9/11 and the Iraq war. And it is also true that there is a larger percentage of libertarian-leaning Millennials than in previous generations. But the ideological outlook for this generation seems very much uncertain.
Regardless, this is an opportunity for us in the business of educating about free markets. We should connect the dots for this generation, between the world of limitless opportunities they have come to expect and the structures of a free society that produce them.
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