Article Title: Save for our pensions? We millennials can barely find the money to live

 

Article Summary

This article is about the burden of student loan the millennials are facing and how the generation may end up not saving enough for their future. The writer goes on to describe the plight of the millennials][ and how they are can barely make a living and how saving for the future is the last thing on their mind.

The main factor behind this is the debt owed by the students. There has also been a significant shift in how the millennials view contributions into pensions because now the decision lies with the individual and most of them are opting out so as to pay off the debt that they owe. The writer then goes on to explore what this means for their generation, can they simply pass this burden on the generation to come as the previous generation did or does it mean a decrease in the standard of living that they are accustomed to.

Article Link: Click here to read the full article

 

Words to learn from this Article:

Apocalyptic: describing or prophesying the complete destruction of the world

Gnaw: bite at or nibble something persistently.

Millennial: denoting people reaching young adulthood in the early 21st century.

Offspring: a person’s child or children

Sporadic: occurring at irregular intervals or only in a few places; scattered or isolated.

Overdraft: a deficit in a bank account caused by drawing more money than the account holds.

Soaring: increase rapidly above the usual level.

Emboldens: give (someone) the courage or confidence to do something

Looming: (of an event regarded as threatening) seem about to happen

Epidemic: a widespread occurrence of an infectious disease in a community at a particular time.

 

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