The millennials are getting a clue

Sprott Money: Numerous data points suggest that Western youth are increasingly disenfranchised, mal-educated and in debt. How that will affect investment outlooks is unclear. The good news is that some Millennials – in Canada of all places – are starting to fight back.So says Aaron Gunn, executive director of Generation Screwed, a movement sponsored by the Canadian Taxpayer Federation. The group will be conducting its annual retreat of volunteer student coordinators later this month in Quebec City.
There they will upgrade their strategic planning, team building, and activism skills, which they can bring back to campuses across the country to raise awareness of critical issues, such as government debts, unfunded liabilities, and unfavorable demographics facing today’s young.
“We call ourselves “Generation Screwed” because governments are spending money but leaving the bills behind for the young to pay,” says Gunn. “Apathy is our biggest challenge. Many youth are so burdened with the demands of getting a start in life, they are unaware of the lousy hand they are being dealt.”
The key driver of Generation Screwed’s popularity is the country’s rising national debt, which according tothe organization’s debt clock , now exceeds $600 billion. And that doesn’t include provincial and municipal obligations. Worse, according to Gunn, the federal government’s 2016 budget projects $99 billion in new borrowing during the coming four years.

The natives are getting restless