Millennials and young Americans are increasingly blaming “climate change” for their lack of personal savings accounts and retirement plans; saying current weather trends make it near impossible to forecast their economic future.
“Many young people today think civilization may not exist when they’re of retirement age,” writes Market Watch. “Some 88% of millennials — a higher percentage than any other age group — accept that climate change is happening, and 69% say it will impact them in their lifetimes. Engulfed in a constant barrage of depressing news stories, many young people are skeptical about saving for an uncertain future.”
“I want to hope for the best and plan for a future that is stable and secure, but, when I look at current events and at the world we are predicting, I do not see how things could not be chaotic in 50 years,” said a 27-year-old communications professional from New York City. “The weather systems are already off, and I don’t think it’s hyperbolic to be a little apocalyptic.”
According to Pew, two-thirds of Millennials (those born between 1981 and 1996) have nothing saved for retirement.
“There is a certain fatalism in this population relative to more recent generations,” said one industry expert. “Psychologically, this population has had more shocks to expectations about their futures than past generations. From a perception point of view, I hear a lot of cynicism about the ability to build retirement savings or whether they will be able to retire at all.”
Despite a lack of savings, the United States economy continues to break record after record under President Trump.
The American economy smashed expectations in April; adding over 263,000 new jobs that sent the unemployment rate down to just 3.6% -the lowest level on record since December 1969.
“The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday,” reports CNBC.
“Unemployment was last this low in December 1969 when it hit 3.5%. At a time when many economists see a tight labor market, big job growth continues as the economic expansion is just a few months away from being the longest in history,” adds the author.
The strong data comes as over a dozen Democratic presidential candidates continue to slam the US economy; saying capitalism “has failed” for many Americans and pledging to repeal President Trump’s tax cuts should they take the White House.
Read the full report at Market Watch.
ANOTHER NEW DEAL? Warren Proposes Using US MILITARY to Combat Climate Change
Firebrand Senator and potential 2020 presidential candidate Elizabeth Warren unveiled her latest proposal to combat climate change Monday; suggesting the use of the US military to confront global warming.
“In short, climate change is real, it is worsening by the day, and it is undermining our military readiness. And instead of meeting this threat head-on, Washington is ignoring it — and making it worse,” writes Warren in an op-ed published by Medium.
“We have the most capable military in the world. It’s also the single largest government consumer of energy, and it’s dependent on fossil fuels. The Pentagon spends about $4 billion a year to power its bases at fixed locations and consumes tens of billions of barrels of fuel per year,” she adds.
“Nibbling around the edges of the problem is no longer enough — the urgency of the moment demands more. That’s why today I am introducing my Defense Climate Resiliency and Readiness Act to harden the U.S. military against the threat posed by climate change, and to leverage its huge energy footprint as part of our climate solution,” concludes Warren.
Together, we can work with our military to fight climate change. https://t.co/fYixnw11bz
— Elizabeth Warren (@ewarren) May 19, 2019
The far-left Senator’s comments come weeks after she unveiled a series of new government programs that economists say will cost US taxpayers trillions per year.
“If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover,” claimed Warren on social media.
If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover. #WarrenTownHall pic.twitter.com/1MMM1eOghf
— Elizabeth Warren (@ewarren) April 23, 2019
According to leading economists, the Senator’s proposal to forgive student loan debt and introduce tuition-free public colleges would cost over $1.25 trillion over the next decade.
AOC EXPLODES: Cortez Says She ‘Doesn’t Care Anymore’, Screams ‘I’m the Boss’ on Climate Change
Rep. Alexandria Ocasio-Cortez continued to deflect criticism of her ‘Green New Deal’ over the weekend; repeatedly yelling “I’m the boss” when it comes to climate-change policy and future legislation.
“You know what? I don’t care anymore. Again, I’m at least trying and they’re not. The power is in the person who’s trying regardless of the success. If you’re trying you’ve got all the power,” claimed Cortez.
Socialist Rep. Alexandria Ocasio-Cortez (D-NY) on the widespread criticism of her Green New Deal: "I’m like, you try. … Until you do it, I’m the boss! How about that?!" pic.twitter.com/vkp15KBttd
— Ryan Saavedra (@RealSaavedra) February 24, 2019
“I just introduced ‘Green New Deal’ two weeks ago and it’s creating all of this conversation. Why? Because no one else has even tried… You try, you do it. Because you’re not. Until you do it, I’m the boss. How about that?” she yelled.