If that is your birthday, you are also of the [in]famous Millennial generation, which spans from 1981 to 1996. Popular culture loves to poke fun at Millennials. They have famously ruined industries like cable and wine, products like yogurt and fabric softener, institutions like higher education, marriage and religion, long-held American dreams like homeownership, and the economy at large. All of this in the endless pursuit of best avocado toast and lattes. These rebukes are sometimes sarcastic but often genuine, and almost always from older age cohorts.
With a birthday in January 1981, technically I am a Millennial. However, most people think of Millennials as thirty-somethings, and there is an even smaller subset born in 1990-1991, who would be about 32-33-years-old right now. Known as Peak Millennials, these individuals have disproportionately experienced, and because of their size, contributed economic hardships. This has occurred for two reasons. First, they represent a significant spike in the population, now comprising the largest age group in the United States, and like releasing a bend in a hose, their full force is now upon us. Second, global crises (e.g., The Great Recession, COVID-19) have coincided with their major life events more than other cohorts. Taken together, Peak Millennials have fundamentally altered societal norms and expectations. Life stages that were supposed to be lock-step (e.g., go to college, get married, start a family) have shifted or changed altogether, leaving older generations scratching their heads and younger ones biting their nails. The existential problem currently tracking with Peak Millennials is climate change, and to me, this is where the inequity exists. Half of all human pollution has occurred since 1989, or right before this cohort was born. That means that the generation least responsible for causing the crisis will be the one both living through the worst of it and expected to fix it. The idea is not entirely new. In fact, Richard Nixon noted a similar environmental injustice in his 1970 State of the Union address: “young Americans […], more than we, will reap the grim consequences of our failure to act on programs which are needed now if we are to prevent disaster later.” The challenge is that while younger people tend to be more concerned about climate change, they are largely not in the positions of power to put that concern into action. This is true in business and policy. While the median American is 38-years-old, the average CEO is 59 while the average age in the U.S. House of Representatives is 58, the U.S. Senate is 64, and as is well-documented, both our current and next President will be 80-somethings. I am not suggesting that a Peak Millennial run for President (our Constitution does not allow it), and obviously experience is important—but so is youth. I’ve written about the Flynn Effect before, but essentially it shows that human intelligence steadily increases over time, meaning that each generation is more capable than the last. If the worst effects of climate change lie ahead, the answer is not to put an upper age limit on corporate and public offices; indeed we need wisdom at the decision-making table. In my opinion, we also need to support Millennials as they navigate an economically-skewed landscape. Things like student loan forgiveness and trade school incentives, a wealth or capital gains tax, and tax breaks for non-traditional family units are just a few ways to help level the playing field. The more young people not worried about next month’s rent, the more young people who could focus on mitigating climate change. The optimist in me thinks the fact that Greta Thunberg (age 21) and Joe Biden (age 81) are two of the biggest climate activists is a good thing. There is a clear benefit to diversity of thought, background, age, and expertise. Imagine a world of intergenerational cooperation where the experience and wisdom of older generations are complemented by the innovation and urgency of younger ones. This collaboration would prioritize sustainable policies to develop climate resilience, as well as invest in education to prepare subsequent generations to take up the mantle. There is an old proverb that says, “A society becomes great when old people plant trees in whose shade they shall never sit.” If you subscribe to that logic, our society is already great in many respects. However, it is also good to plant trees in whose shade you may someday sit. Peak Millennials face unprecedented challenges, but they also have the potential to plant a lot of hypothetical trees—if we give them a chance. By working together across generations and prioritizing long-term sustainability, we can create a future where both proverbs hold true.
2 Comments
Elaine Herald
8/3/2024 05:08:14 am
Colin,
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Colin Gabler
8/19/2024 08:43:02 am
Thanks, Elaine. I love hearing that! Hope you are well.
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