I agree completely. And what's sad is that, for many millennials, they're stuck in a financial tar pit in large part by following the advice of their elders.

I agree completely. And what's sad is that, for many millennials, they're stuck in a financial tar pit in large part by following the advice of their elders. As an older millennial, my generation had two pieces of advice drilled into our skulls by boomers: * What degree you get in college isn't that important, a B.A. will let an employer know your teachable * Student loan debt is the best debt you can have: better than mortgage debt even * (post dot-com crash) Don't bother trying to come a professional software developer -- it's the new textile industry: it's going overseas. This created a generation that didn't factor in their professional or economic trajectory when choosing schools, deciding loans, etc. I had peers that walked away from free rides to college to go to their school of choice because student loans were "no big deal" -- and their parents encouraged this! Boomers should have looked at their own jobs and paid attention how their own companies were hiring in the new economy: that new junior analyst? Makes less than the median income, despite an econ degree from top-tier school. Why did they think their kids, with a middling academics, could land the same job with a degree in english lit? The writing was on the wall even in the 90s that this wasn't a good idea: The world was more globalized and competitive. Labor's power was greatly diminished.