News & Updates From Generation Y

News Blast

In Millennial Matters on February 26, 2010 at 10:49 AM

Millennial News Update

World’s Top 400 Universities According To US News & World Report (US News & World Report)

College Admissions Deadlines Pushed To May (NY Times)

Gay Students Help Recruit Gay Applicants At Penn (USA Today)

Ole Miss Set For Mascot Change (USA Today)

Students Return To Campus After Shooting (Washington Post)

UCSD Launches Campus-Wide Campaign After Student Group Mocks Black History Month (LA Times)

Ole Miss Looks To Change Mascot

Pennsylvania Professor Suspended After Publishing “Hit Man” Facebook Post (Washington Post)

More High Schoolers Reinvent Or Skip Senior Year (USA Today)

Rich Students To Get More College Acceptance Letters In 2010 (US News & World Report)

Why B-Schools Set Their Entrepreneurs Up For Failure (Forbes)

The “President’s Plan”- Health Care Reform & Millennials

In Millennial Matters on February 23, 2010 at 6:35 AM

As President Obama prepares to host a bipartisan health care summit, the debate over health care reform has reclaimed center stage. While the spotlight continues to shine on Democratic and Republican talking points, one voice has been largely absent from the table: the voice of young adults.

Often called “Young Invincibles,” this demographic of 18-35 year olds accounts for roughly 1/3 of the country’s uninsured population. Some troubling statistics (according to YoungInvincibles.org):

-In 2009, the number of uninsured young adults climbed to 18.9 million

51% of young adults aged 19 to 26 do not have employer-sponsored health insurance

-Between 2001-2003 a staggering 62% of young adults between the ages of 19 and 23 went without coverage for some portion of time.

-In 2005–2006, there was an average of 7 million injury-related emergency department visits each year by young adults. (Young adults have the highest rate of injury-related emergency department visits among all age groups.)

-Between 2004–2006, about 15% of young adults reported having one or more of the following chronic medical conditions: arthritis, asthma, cancer, diabetes, heart disease, or hypertension. (15% of young adults have a chronic health condition.)

Part of the problem is that young adults are facing an extremely difficult job market; not only is the unemployment rate affecting Millennials the most, but jobs often taken by young adults do not include employee-sponsored plans. If young adults had access to affordable health insurance that covered catastrophic injuries and other unforseeable accidents, their risk of suffering from medical debt would be far less.

Under Obama’s new health care plan dubbed “The President’s Proposal,” young adults would be allowed to stay on a parent’s health insurance plan until the age of 26. While this may help alleviate some of the problems associated with uninsured Millennials, a large number of young adults would still be without health care in the event that their parents or guardians have lost jobs and/or coverage in recent months.

As the health care debate continues to remain a top priority in Washington, I encourage our lawmakers to consider ways in which insurance reform could improve the tremendous problem of uninsured Millennials. While “Young Invincibles” aren’t as likely to be diagnosed with cancer or suffer from heart attacks, they are anything but “invincible.”

New Rules Place Barriers Between Students & Credit Cards

In Millennial Matters on February 22, 2010 at 12:21 PM

From US News & World Report:

New Credit Card Act Makes It More Difficult For Students To Obtain Cards

Parents expect their children to return home from their first year of college with a better grasp of the world and a perhaps a few new friends. Some, however, are arriving home with an unexpected burden—credit card debt. Card issuers have long bombarded college students with solicitations via mail and enticed them to sign up for cards on campus by promising free food or other items in return for their signatures. The ease with which students could acquire cards has astounded some. “Students without income, assets, jobs, or credit reports have been issued credit cards virtually automatically,” says Tim Mensing, student body president at the University of Washington. “Just being a student was good enough for them to issue a card…”

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