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Why Millennials Should Care about Entitlement Reform
If you ask millennials what issues concern them most, it's highly unlikely that they will mention government debt and the Medicare and Social Security funding crises. But, as Ryan Schoenike, executive director of The Can Kicks Back, explains in the video above, they had better start caring. If not reformed, entitlement programs are destined for bankruptcy, and millennials - not their parents or grandparents - will feel the greatest pain. They are staring at a future of massive tax hikes and benefit reductions.
Schoenike, a millennial himself, is determined to shake the apathy out of his generational cohorts. The Can Kicks Back on October 31 wrapped up a 5-week, cross-country Generational Equity Tour to educate and engage the millennial generation on its economic future. The tour concluded on the steps of the nation's capitol with a rally featuring Sens. John Thune (R-S.D.) and Tim Kaine (D-VA) in support of the Intergenerational Financial Obligations Reform (INFORM) Act, a bill to better project the true size and intergenerational consequences of the nation's fiscal imbalance.
Throughout American history, younger generations have been powerful agents of political and social change. With advances in technology and the proliferation of social media, today's young people have even more tools with which to generate a grassroots movement. Here's hoping that taming the nation's soaring debt becomes one of their causes.