The Post-Ownership Society

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Media Outlet: Washington Monthly

In all, young people bore the brunt of the economic downturn—as young workers often do—but Millennials are taking a longer time to recover than previous generations did after similar events. More people are retiring later than expected, staying in the workforce longer because of the recession, and employers are more reluctant to hire workers with a shorter employment history and fewer skills. When they do hire them, it’s at a lower starting salary than those paid in previous generations. Some people—young people without families to pay for—have part-time second jobs just to supplement their flagging salaries.

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Monica Potts was a Class of 2016 & 2017 New America Fellow, writing a book about the dilemmas facing poor women and explore the idea of a second-chance society. Previously, Potts spent four years at the American Prospect magazine.