Millennials the hardest working generation claims study

omg 05/02/2019

Here's a new study that may add some fuel to the generation wars...

New research shows despite economic pressures, millennials are working more and working harder than those before them.

Abacus Data has released the Canadian Millennials Report. The report interviews over 4000 millennials per year.

The data shows although average wages for those aged 18-35 have remained stagnant for almost forty years, millennials are participating in the labour force more, and by some measures, working harder than the generations before them.

In 1980, only 78.9 percent of Canadians between the ages of 18-35 were employed. By 2016, 81.2 percent of the same age group had jobs, reports the Ottowa Citizen.

Despite making up the most highly educated generation in history, and participating heavily in the labour force, millennials are struggling in the arms-race for a well paying job.

Alongside this, average student debt levels have crept up more than 40 percent between 1999 and 2012 - and they haven't stopped climbing yet.

But even with a degree, a job isn't guaranteed. Under-employment - where people are over-qualified for the jobs they are in - is skyrocketing for millennials. In the US, under-employment was at 33 percent for graduates between 1980 and 2010.

But that number has jumped to 44 percent for graduates in 2012.

Abacus Data's chief executive, David Coletto is a millennial himself. He says the report reflects a quality of life that is less than ideal.

"I'm seeing, in the data, a growing sense of a shared experience that is getting people quite anxious about their future," he told the Ottowa Citizen.

"There is something to be said for a growing collective understanding among this age group, and this generation that somehow we've been screwed."

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