millennials

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A recent report from Bankrate.com finds millennials are not embracing credit cards the way their parents or older siblings have done.

A hefty 63% of millennials do not have a credit card.

Brian O'Connor is the Detroit News personal finance columnist. He says one of the reasons young people aren't using credit cards is that they can't get them. 

"It's harder for kids to qualify – because they probably don't have jobs, and they have a bunch of debts," explains O'Connor.

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The Millennial generation has been described as lazy and entitled. A generation of people who need instant gratification, and have short attention spans.

That doesn’t sound good at all, especially considering Millennials will soon dominate the workplace. Morley Winograd joined Stateside today to discuss how this generational shift will impact the future of Michigan. He spent most of his life in Michigan and is co-author of three books on the Millennial generation.

“Millennials are America’s largest and most diverse adult generation,” Winograd said. “They not only tend to be united in their beliefs, but they are also pragmatic idealists.”

Ray Holman of UAW Local 6000 says the ruling is a victory for state employees.
UAW

In the 1970s, at the height of its power, the United Auto Workers had more than 1.5 million members. Today it has fewer than 400,000. Some of the reasons behind that include an aging union workforce.

But it’s not just the UAW. As many in the labor movement turn to retirement, unions are looking to rebuild and reinvent with younger members.

Roland Zullo is with the Institute for Research on Labor, Employment and the Economy at the University of Michigan.

Zullo said that job insecurity is the main reason why young people are not ready to join unions.

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The curtain is closing on baby boomers, as the so-called "millennial generation" is taking up a larger share of the electorate. This voting block surpasses seniors who are eligible to vote.

But many millennials are not politically engaged.

“We feel that as one voice, as a younger person, we don’t have a lot of say in politics and I think that also drives their decision to remain out of the discussion as well,” said Connor Walby, a millennial and the campaign manager for State Rep. Frank Foster, R-Petoskey.

Walby also said the negative messages in politics that are seen on social media affect millennials' decision to vote as well.

“With our generation and having Twitter and Facebook, we are blasted with a lot of the 24 hour news cycle. And with that you also get a lot of the negative news coverage,” Walby said.  “I think a lot of our generation is pretty sick and tired of some of the policies that have been put in place and they are just sick of the politicians and the political atmosphere in general.”