STAND ASIDE BABY BOOMERS
... the Millennials are here
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
Millennials are about to outnumber the Baby Boomers. They are people who were born in the 80s and reached their teens after the turn of the century. The US boasts 80 million of them (one third of the workforce) with Australia sustaining around six million of them. Millennials have not known a world war, a depression or a recession and couldn’t have given a stuff about a GFC.
Their parents are well off, they have never seen a food stamp or slept on the street. They believe in education entitlement, party drugs (except marijuana) and have never known a world without a computer or an Iphone. They have emerged as a serious demographic dictating political policy.
Millennial numbers are set to overtake Baby Boomers who at their youngest are 51, with many slowly shrinking into retirement at around 70. These Millennials appear to have no worries, they are upwardly mobile and are insulated from normal pressures other groups experience...
Since World War II, new cars and suburban houses have powered the US economy and propelled recoveries. Millennials have no interest in either.
In a recent US poll almost 50% of Millennials said they were “happy with the way things are”. In Australia they are considered to be smart and well educated. They are very socially aware and vote for socialist parties. They have shunned the free sex and acid of the sixties and have not experienced the destruction of Whitlam or the disaster that was Rudd/Gillard/Rudd.
The same US study of 15,000 people found that they are family and community conscious, have no faith in job security but are technically proficient and stay loyal to formed peer groups. The study found that 83% of Millennials are more proud of their country this year than in 2006, when the figure was 77%.
In the US Presidential nomination elections, Socialist Bernie Sanders of the Democrats has polled inexplicably well including narrowly beating Hillary Clinton in Michigan of all places despite all previous polling suggesting he would be severely trounced.
At a party for Clinton supporters in Detroit, many were shocked and embarrassed as results flooded in. Only a day earlier Clinton had in effect called on Sanders to drop out and “end the primary”. “I’m on the edge of my seat,” said Brenda Lawrence of Michigan, a Clinton supporter, “we worked so hard for this.”
Millennials are attracted to free everything including, health costs, college/university fees and they adore Sanders and what he stands for including his hatred of Wall Street. American car manufacturers are tearing their hair out trying to understand why Millennials refuse to buy new cars. The same applies in the housing market where they are content to rent.
While the market tries to figure out what motivates Millennials to buy anything, Republicans seem content to give them another ten or twenty years to experience a few doses of reality.
But eighty million newcomers to the ballot box have declared war on the Washington “establishment” and are chasing the impossible dream of socialism, unaware of what socialism actually means.
Regardless there’s also a huge shift apparent in the wider electorate here and it ought not be ignored.