The Millennial Bind
I got in before the new Millennials. Bought my house when I was just 24, as I'd saved up enough for a deposit in those days. And I bought it just after a house market crash in the mid 1990s. I got a good degree from a top university with no student loan, then got onto a top rated graduate training scheme. Bingo.
So it's easy for my generation to not recognise the impossibility of life for many in the Millennial generation.
Here's a brilliant article describing how it can be. And it has a very interesting observation. Besides all of the usual stuff around sky-high property prices, poor rates of pay, job insecurity....it notes the lack of spirituality/religion within Millennials. It notes that their self-worth is often wrapped up with identification with career; that there is a lack of intrinsic self-worth, and that this also adds to people's poor mental health.
It's actually very stark just how many teenagers self-harm (especially females); how much depression and anxiety there is nowadays. One quarter of students sitting A Levels now have additional time due to high levels of anxiety and other conditions (in my day it was zero - just seen as bad luck).
It seems as if Millennials are stuck in a vicious circle. There's the need to keep up appearances, hence the need for a good career, to look cool on social media (everyone's looking so cool in their social media that there's even more pressure to appeal cool)....this means drinking in cool places (coffee and alcohol - expensive); having cool clothes; having a cool car; having the latest laptop and iPhone. All of which means there's zero chance of saving for a house deposit.
In my day, there was pressure of course, but at least for me, I knew my intrinsic value as a person. Some other things seemed easier: I didn't have amazing clothes; I had a rubbish car; I never drank a coffee out. So I managed to save £11,000 in four years from a salary of £12,500. My parents generation were the same - they lived like paupers whilst saving for a deposit. We can criticise Millennials for not making those sacrifices, but one wonders if it's even possible for people to do this nowadays - if you're the only person living this way, that can't be easy to achieve.
Another thing - I wasn't surrounded by people flaking out and there was little external talk of stress (we used to bottle it up more); hence the only stress I had to deal with was my own - stress is one of the fastest moving, virulent diseases. So in some respects there was less pressure.
On the other hand, only 7% of students got an A grade at GCSE/O Level in my day; today it's around 25%; also barely anybody got a first class degree - on my course, absolutely nobody got one, it was nigh-on impossible. Today at some universities it's nearly half!
All of which brings me to how to break the bind Millennials find themselves in. What if you're a Millennial stuck in this vicious circle? What if you're suffering with stress and anxiety? What if you've no idea who or what you really are? What if you aren't sure what your intrinsic worth as a person is?
Well, that's where Awakening Coaching comes in - check out this website and give me a call, we can chat through what your longest reach is; your deepest longing and the inherent resources you already have within yourself to break free from the Millennial Bind.
Check out the article here: