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Failure to Launch Fades from Millennial Lore

FILE - A real estate agent shows off a home to a prospective buyer in Orlando, Fla., May 23, 2014. In 2018, 40 percent of millennials owned homes — compared to 45 percent of Generation Xers and baby boomers who owned homes around the same age, according to a new report.
FILE - A real estate agent shows off a home to a prospective buyer in Orlando, Fla., May 23, 2014. In 2018, 40 percent of millennials owned homes — compared to 45 percent of Generation Xers and baby boomers who owned homes around the same age, according to a new report.

The word "millennial" tends to be associated with blame and shame: "They're too lazy and too poor to move out of their parents' basement," some critics think.

A recent Wall Street Journal article asserted that the demand for canned tuna has declined because millennials "don't even own can openers" in a world that favors "convenience."

Millennials shot back on social media that they actually prefer fresh and frozen fish, requiring quite a bit more preparation and effort than opening a can.

But often overlooked in those discussions are hefty student debt and wages out of pace with the cost of living, and a new survey showing aspects of being a millennial, such as home ownership and career development, that defy popular opinion.

And guess what? Millennials are growing up.

Accounting firm Ernst & Young LLP reports that millennials —defined by the firm as ranging from 20 to 36 years old — are more positive, more stable and more invested in the real estate market than just two years ago.

"In two years, millennials are progressing. They're graduating college, finding full-time jobs, buying houses and getting married," the Millennial Economy 2018 report said.

While more than 80 percent of millennials say that student debt has forced them to delay buying real estate, home ownership among that age group has increased since 2016.

In 2018, 40 percent of millennials owned homes — not far behind the approximately 45 percent of Generation Xers and baby boomers who owned homes around the same age, according to the Ernst report.

Two years earlier, only 26 percent of millennials owned their homes.

And the storied number of millennials who live at home in their parents' basements has been cut nearly in half, from 30 percent in 2016 to 16 percent in 2018, while the percent of millennial renters has remained level — 43 percent in 2016 and 2018.

Like earlier generations faced with bubble real estate values, some millennials are moving away from big cities and buying homes in the suburbs and smaller towns, according to the 2018 Home Buyer and Seller Generational report.

The path to home ownership is career success by way of a good education and hard work, respondent millennials told Ernst.

Eighty-six percent of millennials said working hard "is an extremely or very important factor in getting ahead in life," according to the data.

"Millennials see themselves as their best resource for career development," the report said. "It's up to me to seek skills and opportunities proactively, wherever they are offered," answered 35 percent of those surveyed.

Twenty- to 36-year-olds acknowledge that the economy in 2018 is more stable than it was two years ago, but the "deeply pessimistic" generation, as the report calls them, remain skeptical that the stability will last.

Their outlook on the American economy remains bleak — only 9 percent of respondents would call the current economy "excellent." But opinions vary greatly among party affiliations.

Despite being seen as job-hoppers, the report showed that millennials are "risk-averse" in their career choices and aren't changing jobs any more quickly than Generation X did at the same age — a point backed up by a Pew study last year.

"Millennial workers, those ages 18 to 35, are just as likely to stick with their employers as their older counterparts in Generation X were when they were young adults," Pew senior researcher Richard Fry wrote in a piece last April.

The biggest concern millennials expressed about their future was retirement. Seventy-five percent of respondents said that they worry "a lot or some" about their security at the end of their careers.

Lowest on the list of concerns was "foreign competition for jobs," which 31 percent of respondents said they worried about "a lot or some."

"Millennials' primary priority is pay equity, but flexibility is also important in their career," the report said. The concern about pay equity was notable among millennial women.

Thirty-six percent of millennials who identify as Democrats describe the economy as excellent or good.

But among Republicans, the "outlook on the economy has skyrocketed with the election of Donald Trump," according to the 2018 report. Of those who identify as Republican millennials, 75 percent said the economy was excellent or good.

Thirty-one percent said the same thing in 2016.

Generally, millennials tend to lean Democratic, according to Pew Research Center. As of March 2018, 59 percent were Democrat or lean Democratic, while 32 percent were Republican or lean Republican.

And while 77 percent of millennials report that they are proud to be American, 30 percent report "high levels of confidence in American institutions," and 19 percent report a great deal or quite a lot of confidence in "corporate America," down one point from 2016.

One thing has not changed: Humanities majors are most likely to be in student loan debt, while business majors are among the least likely, according to the studies.

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Students weigh in on how colleges can prepare undergrads for work

FILE - An entrance to the main Duke University campus is seen in Durham, NC, Jan. 28, 2019.
FILE - An entrance to the main Duke University campus is seen in Durham, NC, Jan. 28, 2019.

Inside Higher Ed surveyed undergraduates on the best way to prepare for the workforce.

One group of students in Oregon built a for-profit snowboarding business as part of their degree. Colleen Flaherty reports. (April 2024)

Many African students are experiencing US visa rejections

FILE - Students walk to and from classes on the Indiana University campus, Oct. 14, 2021, in Bloomington, Ind.
FILE - Students walk to and from classes on the Indiana University campus, Oct. 14, 2021, in Bloomington, Ind.

In 2022, 71% of student visa applications from Western Africa were rejected.

Visa agents are not happy – and are finding ways to help applicants with paperwork and the interview. Maina Wururu reports for The PIE News. (April 2024)

US college students face muted graduations amid Gaza war protests

US college students face muted graduations amid Gaza war protests
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Commencement ceremonies are being scaled back or canceled at U.S. universities because of security concerns over pro-Palestinian student protests. While some campus demonstrations have resulted in concessions, others have led to violent confrontations. VOA’s Tina Trinh has the story from New York.

update

Police arrest 33 at George Washington University protest encampment

In this photo taken from video, demonstrators protest the Israel-Hamas war at the George Washington University campus in Washington on May 8, 2024. Police say they arrested 33 people while clearing out an encampment on campus.
In this photo taken from video, demonstrators protest the Israel-Hamas war at the George Washington University campus in Washington on May 8, 2024. Police say they arrested 33 people while clearing out an encampment on campus.

Police in Washington cleared a pro-Palestinian protest encampment at George Washington University early Wednesday, arresting 33 people, authorities said.

Arrests were made on charges of assault on a police officer and unlawful entry, the District of Columbia's Metropolitan Police Department said.

A congressional committee canceled a hearing on the university encampment Wednesday. D.C. Mayor Muriel Bowser and Washington Police Chief Pamela Smith had been scheduled to testify about the city’s handling of the protest before the House Committee on Oversight and Accountability.

University parents and faculty members gathered Wednesday afternoon for a press conference to condemn the handling of the protests by police and school leaders.

Hala Amer, mother of a George Washington University student, speaks at a press conference with faculty and alumni to call on the university to negotiate with student protesters, May 8, 2024, in Washington. (Melos Ambaye/VOA)
Hala Amer, mother of a George Washington University student, speaks at a press conference with faculty and alumni to call on the university to negotiate with student protesters, May 8, 2024, in Washington. (Melos Ambaye/VOA)

“The university clearly does not value the students at all and has endangered the safety of our children by unleashing officers dressed in full riot gear to assault and spray our children in their eyes with pepper spray,” said Hala Amer, whose son participated in the campus protests.

Police said they dispersed demonstrators because "there has been a gradual escalation in the volatility of the protest."

American University professor Barbara Wien said she stayed in the encampment with GW students. She described the student protesters as democratic and peaceful.

Police started to shut down the tent encampment after dozens of protesters marched to GW President Ellen Granberg's on-campus home on Tuesday night. Police were called, but no arrests were made.

Speakers at the conference called for Granberg’s resignation because, they alleged, she refused to meet and negotiate with student protesters.

“You keep inciting violence and ignoring the students,” Amer said about Granberg in an interview with VOA after the conference. “It will just lead to more violence. You need to talk to your students.”

GW officials warned students that they could be suspended for engaging in protests at the school’s University Yard, an outdoor spot on the campus.

"While the university is committed to protecting students' rights to free expression, the encampment had evolved into an unlawful activity, with participants in direct violation of multiple university policies and city regulations," a GW statement said.

More than 2,600 people have been arrested at universities across the country in pro-Palestinian protests, according to The Associated Press.

Students are calling on their university administrations to divest investments from Israel or companies with ties to Israel. Demonstrators have gathered in at least 50 campuses since April 17, carrying signs that read "Free Palestine" and "Hands off Rafah."

Rafah is Gaza’s southernmost city, where most of the territory’s population has clustered. The area is also a corridor for bringing humanitarian aid into the Palestinian territory.

Israel seized the Gaza side of the Rafah crossing on Tuesday, while shutting off the nearby Kerem Shalom crossing, drawing criticism from humanitarian groups. Israel said Wednesday that it had reopened Kerem Shalom.

The nationwide campus protests started in response to Israel's offensive in Gaza that began after Hamas launched a terror attack on Israel on October 7, killing about 1,200 people and taking roughly 250 hostages.

More than 34,000 Palestinians have been killed in Israel's offensive, according to the Gaza Health Ministry. Israel warned it could "deepen" its operation in Rafah if talks failed to secure the release of the hostages.

Some information for this report came from The Associated Press.

What to ask on a college visit

FILE - Passers-by walk on the campus of Harvard University, Dec. 12, 2023, in Cambridge, Mass.
FILE - Passers-by walk on the campus of Harvard University, Dec. 12, 2023, in Cambridge, Mass.

Sarah Wood lists 32 questions for applicants to learn more during a campus visit. (April 2024)

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