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Why aren't millennials buying houses? They can't afford it.

When the economy bounced back, millennial salary prospects didn't.

Why aren't millennials buying houses? They can't afford it.

Have you seen this guy?

Memes from here and here.


Friends, meet "Old Economy Steve."

On the Internet, Steve has become the judgmental, clueless baby-boomer embodiment of millennials' worst money-related frustrations.

Who is he, exactly? Well, Old Economy Steve knew how to pull himself up by his bootstraps. He graduated from college without student debt, immediately got a high-paying job, and plans to retire with a pension. He just can't understand why those lazy millennials are living with their parents and still unemployed. (Spoiler: Old Economy Steve is kind of a jerk.)

Of course, Old Economy Steve is really just the fictionalized version of millennial financial anxieties. (And, by the way, it seems like the real "Steve" in the photo is actually a down-to-earth guy). I'd like to think most boomers are a little more compassionate toward us young folk than he is, too, but his meme definitely reflects the discomfort that many millennials have with their money situations right now.

Well, then. Thanks, Google.

What do I mean by “millennial money situations?"

You've heard it all before, so sing along if you know the words: Millennials aren't buying houses, they're not buying cars, they're not saving for retirement, and sometimes they're not even moving out of their parents' basements.

Is all of this because millennials are lazy? Entitled? Coddled? Snake people? Poor planners?

Not quite. A lot of folks would argue that it's because millennials have no money (check out that point of view in an article from the New York Times earlier this year). Here are a few truth bombs that might explain what's going on:

1. Millennial wages aren't just frozen — they're actually shrinking.

Many millennials were either in college or about to graduate when the recession hit hard. Lots of employees across the U.S. were let go — not exactly the best economic climate when you're looking for your first job.

And while the economy bounced back, their salary prospects did not. As The Atlantic pointed out last year, average wages for young people have fallen by 10% in many industries since 2007. Add that to the fact that many millennials live in big cities with extremely high rents and high costs of living because that's where the jobs are.

Just to put it in perspective, the average male student graduating from college in 1979 made an hourly wage of $19.97 (adjusted for inflation). For 2010 graduates, the average hourly wage was $21.77 — down almost a dollar from 2000. And female graduates make even less than that. You can point that out to them when they ask why you're not planning on buying a house in your 20s.

So we're not getting paid as much as previous generations of young adults were getting paid, we live in places where it's not really feasible to buy a home, and of course…

2. Student loans eat up a hefty chunk of whatever income millennials have left.

The average student loan debt for the class of 2011 was $26,600. Most of those students are living under the shadow of that debt for years, sometimes even decades.

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Say hello to Sallie Mae (she's on the left.)

Experts posit that millennials are less likely to be homeowners than previous generations mostly because all of their cash is going toward paying off their debt. Most are unable to save.

But there's one more piece of information that might surprise you about millennials' finances:

3. We're finding ways to fix the problem.

I'm going to speak for my generation for a second here: Just because we're young, it doesn't mean we're lazy. We haven't given up yet. In fact, a lot of us are finding some really creative solutions to cope with the changing economy.

Like what? Like tiny houses. These little homes are inexpensive, energy-efficient, and quickly becoming a trend. And in the future, we might even see apartment-like buildings made of mobile “smart homes."

Tiny homes! Image from Guillaume Dutilh on Wikimedia Commons.

We're also being smarter about our health care costs, thanks in part to the Affordable Care Act. The uninsured rate for young folks is lower now than it's been since before 1997.

And we're putting pressure on our lawmakers to get real about paralyzing student loans. There's no reason interest rates on student debt should be so high, and some elected representatives and candidates are speaking up about it.

So, lazy? Entitled? Coddled? Snake people? Poor planners? Not quite.

Unable to keep their heads above water? That seems more like it. Admittedly, there's a lot of systemic work still to be done for millennials and their financial security. I'm in the thick of it with all the rest of you.

But there's also a lot that we're already doing — because just like every other generation, we want control over our futures.

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Shopping sustainably is increasingly important given the severity of the climate crisis, but sometimes it's hard to know where to turn. Thankfully, Amazon is making it a little easier to browse thousands of products that have one or more of 19 sustainability certifications that help preserve the natural world.

The online retailer recently announced Climate Pledge Friendly, a program to make it easier for customers to discover and shop for more sustainable products. To determine the sustainability of a product, the program partnered with third-party certifications, including governmental agencies, nonprofits, and independent labs.

With a selection of items spanning grocery, household, fashion, beauty, and personal electronics, you'll be able to shop more sustainably not just for the holiday season, but throughout the year for your essentials, as well.

You can browse all of the Climate Pledge Friendly products here, labeled with an icon and which certification(s) they meet. To get you on your way to shopping more sustainably, we've rounded up eight of our favorite Climate Pledge Friendly-products that will make great gifts all year long.

Amazon

Jack Wolfskin Women's North York Coat

Give the gift of warmth and style with this coat, available in a variety of colors. Sustainability is built into all Jack Wolfskin products and each item comes with a code that lets you trace back to its origins and understand how it was made.

Bluesign: Bluesign products are responsibly manufactured by using safer chemicals and fewer resources, including less energy, in production.


Amazon

Amazon All-new Echo Dot (4th Gen)

For the tech-obsessed. This Alexa smart speaker, which comes in a sleek, compact design, lets you voice control your entertainment and your smart home as well as connect with others.

Reducing CO2: Products with this certification reduce their carbon footprint year after year. Certified by the Carbon Trust.


Amazon

Burt's Bees Family Jammies Matching Holiday Organic Cotton Pajamas

Get into the holiday spirit with these fun matching PJs for the whole family. Perfect for pictures that even Fido can get in on.

Global Organic Textile Standard: This certifies each step of the organic textile supply chain against strict ecological and social standards. Each product with this certification contains 95%-100% organic content.

Amazon

Naturistick 5-Pack Lip Balm Gift Set

With 100% natural ingredients that are gentle on ultra-sensitive lips, this gift is a great gift for the whole family.

Compact by Design (Certified by Amazon): Products with this certification are packaged without excess air and water, which reduces the carbon footprint of shipping and packaging.


Amazon

Arus Women's GOTS Certified Organic Cotton Hooded Full Length Turkish Bathrobe

For those who love to lounge around, this full-length organic cotton bathrobe is the way to go. Available in five different colors, it has comfortable cuffed sleeves, a hood, pockets, and adjustable belt.

Global Organic Textile Standard: This certifies each step of the organic textile supply chain against strict ecological and social standards. Each product with this certification contains 95%-100% organic content.

Amazon

L'Occitane Extra-Gentle Vegetable Based Soap

This luxe soap, made with moisturizing shea butter and scented with verbena, is perfect for the self-care obsessed.

Compact by Design (Certified by Amazon): Products with this certification are packaged without excess air and water, which reduces the carbon footprint of shipping and packaging.

Amazon

Goodthreads Men's Sweater-Knit Fleece Long-Sleeve Bomber

For the fashionable men in your life, this fashion-forward knit bomber is an excellent choice. The sweater material keeps it cozy and warm, while the bomber jacket-cut, zip front, and rib-trim neck make it look elevated.

Recycled Claim Standard 100: Products with this certification use materials made from at least 95% recycled content.

Amazon

All-new Fire TV Stick with Alexa Voice Remote

Make it even easier to access your favorite movies and shows this holiday season. The new Fire TV Stick lets you use your voice to search across apps. Plus it controls the power and volume on your TV, so you'll never need to leave the couch! Except for snacks.

Reducing CO2: Products with this certification reduce their carbon footprint year after year. Certified by the Carbon Trust.

President Trump has exited the White House as the first president in 100 years to not have a pet. President Biden is bringing the presidential pets tradition back, but with a special "first" of his own.

Champ and Major, the Bidens' German shepherds have officially moved into the White House, with Major being the first rescue dog to live there. The Bidens adopted the now 3-year-old good boy from the Delaware Humane Association in 2018.

Anyone who's ever moved with a pet knows that transitions can be tenuous. New sights, smells, and sounds, in addition to the change in routine, can be stressful for animals. And when you're a human who is not only moving into a new home, but also starting a new job as the president of the Untied States, you might need a little time to adjust right along with your pets.

That's why the Biden family took some time to fully transition their two dogs into the White House this week. Though the president and first lady moved in on January 20, the first doggos didn't officially move in until five days later, after a gradual introduction to the building and grounds to get them used to their new home.

They sure do look happy to be with their people in The People's House now, though.

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If the past year has taught us nothing else, it's that sending love out into the world through selfless acts of kindness can have a positive ripple effect on people and communities. People all over the United States seemed to have gotten the message — 71% of those surveyed by the World Giving Index helped a stranger in need in 2020. A nonprofit survey found 90% helped others by running errands, calling, texting and sending care packages. Many people needed a boost last year in one way or another and obliging good neighbors heeded the call over and over again — and continue to make a positive impact through their actions in this new year.

Welcometoterranova and P&G Good Everyday wanted to help keep kindness going strong, so they partnered up to create the Lead with Love Fund. The fund awards do-gooders in communities around the country with grants to help them continue on with their unique missions. Hundreds of nominations came pouring in and five winners were selected based on three criteria: the impact of action, uniqueness, and "Welcometoterranova-ness" of their story.

Here's a look at the five winners:

Edith Ornelas, co-creator of Mariposas Collective in Memphis, Tenn.

Edith Ornelas has a deep-rooted connection to the asylum-seeking immigrant families she brings food and supplies to families in Memphis, Tenn. She was born in Jalisco, Mexico, and immigrated to the United States when she was 7 years old with her parents and sister. Edith grew up in Chicago, then moved to Memphis in 2016, where she quickly realized how few community programs existed for immigrants. Two years later, she helped create Mariposas Collective, which initially aimed to help families who had just been released from detention centers and were seeking asylum. The collective started out small but has since grown to approximately 400 volunteers.

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Two weeks ago, we watched a pro-Trump mob storm the U.S. Capitol in an attempt to overthrow the results of a U.S. election and keep Donald Trump in power. And among those insurrectionists were well-known adherents of QAnon, nearly every image of the crowd shows people wearing Q gear or carrying Q flags, and some of the more frightening elements we saw tie directly into QAnon beliefs.

Since hints of it first started showing up in social media comments several years ago, I've been intrigued—and endlessly frustrated—by the phenomenon of QAnon. At first, it was just a few fringey whacko conspiracy theorists I could easily roll my eyes at and ignore, but as I started seeing elements of it show up more and more frequently from more and more people, alarm bells started ringing.

Holy crap, there are a lot of people who actually believe this stuff.

Eventually, it got personal. A QAnon adherent on Twitter kept commenting on my tweets, pushing bizarro Q ideas on many of my posts. The account didn't use a real name, but the profile was classic QAnon, complete with the #WWG1WGA. ("Where we go one, we go all"—a QAnon rallying cry.) I thought it might be a bot, so I blocked them. Later, I discovered that it was actually one of my own extended family members.

Holy crap, I actually know people who actually believe this stuff.

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Even as millions of Americans celebrated the inauguration of President Joe Biden this week, the nation also mourned the fact that, for the first time in modern history, the United States did not have a peaceful transition of power.

With the violent attack on the U.S. Capitol on January 6, when pro-Trump insurrectionists attempted to stop the constitutional process of counting electoral votes and where terrorists threatened to kill lawmakers and the vice president for not keeping Trump in power, our long and proud tradition was broken. And although presidential power was ultimately transferred without incident on January 20, the presence of 20,000 National Guard troops around the Capitol reminded us of the threat that still lingers.

First Lady Jill Biden showed up today with cookies in hand for a group of National Guard troops at the Capitol to thank them for keeping her family safe. The homemade chocolate chip cookies were a small token of appreciation, but one that came from the heart of a mother whose son had served as well.

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