Donald Trump is officially the president of the United States and the millennial generation thinks the economy is going to go to collapse under his presidency.
It's easy to see why they feel this way.
Millennials are earning less than their baby-boomer parents were at their age; the value of millennials is less than half the baby-boomer generation.
So what can Trump do for them?
Getting a higher education does indeed help. The starting salaries of each class has risen steadily since 2010, but the average net worth keeps falling.
Robert Farrington of The College Investor illustrates these numbers below.
How should these be interpreted? First, know that these are all averages as of June 2016 per group.
The net worth numbers, while seemingly low, really depended on what phase of life the person was in. They could be starting college, entering the job market or even starting a family. Regardless, "it's a massive cohort, and making sweeping generalizations isn't particularly helpful."When compared to baby boomer, millennials are earning, on average, 20 percent less than them at the same point in life.
A CNBC article shares an example of this. Andrea Ledesma, 28, has a college degree yet is earning $18,000 a year making pizza while in $33,000 of student debt. Her mom was making the equivalent of $19,500 when she was 28.
So what are millennials to do? They feel trapped because they think the economy is going to shatter during Trump's presidency.
It's clear that Hillary Clinton won the majority of the millennials' vote. A survey conducted by the University of Massachusetts Lowell — in partnership with Odyssey — shows what millennials (in New Hampshire) thought of the candidates.
But what if Trump is what millennials actually need?
In an article from Investors.com, Salvatore J. La Mastra said that, "under Obama, millennials have seen the cost of education rise uncontrollably (thus causing a student-loan debt crisis); health care premiums and deductibles skyrocket; unemployment remain in double digits."
He continues by explaining that millennials make up a majority of the U.S workforce and that Trump's plan to bring more jobs back to the United States means more jobs for them.
"Jobs for millennials mean they can finally afford their hefty student-loan debt payments, health care premiums, and important life goals they have put off, such as marriage, buying a house and saving for retirement," said Mastra.
An article from The Hill has a similar tone. Contributor Kristin Tate makes the bold claim that "Trump is the leader [millennials] have been craving for years."
Both articles briefly compare the millennial and President Trump to the baby boomers and President Reagan. They both say that the baby boomers created a thriving economy under Reagan. They also say that since Trump has similar ideals, then the millennials will not succeed, but thrive since they are larger than the baby boomer generation.
A final question to ask would be this: What is it that millennials really want?
CNN opinion columnist Harlan Hill, 28, writes "Millennials just want an economy that works for us again. "
The millennial generation has focused so much on Trump's rhetoric towards social issues, such as abortion and gay marriage, that they have ignored what he could do for them in the business world.
So, even if you didn't vote for Trump, even if you despise him, there is a real chance that his radical changes could help the millennial generation get back on their feet financially.
