1. We’re dying sooner
America just registered its second straight year with a decline in life expectancy. That last happened more than a half-century ago. There is some good news: heart disease and cancer death rates are down.
2. Student debt is piling up
College costs continue to soar, jumping 6.1% from 2013 to 2016, but the median income for those with college degrees only rose 2.1% over that same period, per Bloomberg. As a college degree becomes a requirement for entering an increasingly competitive workforce, many young people are doing so with a pile of debt. Student debt hit $1.3 trillion this year, compared to just $243 billion back in 2003.
3. Homes are out of reach for millennials
First-time homebuyers accounted for 34% of all home purchases in 2017, which neared a historic low, per CNBC. Chalk that up to sky-high home prices and those massive piles of student debt, which the New York Fed said accounted for a noted drop in homebuyers amongst millennials this year.