Two weeks ago, Singapore Deputy Prime Minister Tharman Shanmugaratnam shared research findings suggesting that young adults working here will be able to retire comfortably.
As a young adult, I found this interesting and significant, and it called to mind a recent article with a provocative title: “Generation Screwed”, by American sociologist Dr Joel Kotkin, which appeared in the July 23-30 issue of Newsweek.
Kotkin was referring to the “millenials” ― those aged 18-35 ― in the United States, and employed a suite of social indicators to show that they face increasing unemployment and indebtedness in spite of higher education; deterioration of family life; downward social mobility; and even perhaps the emergence of an underclass among young-age households. Full story
