It’s a hot topic in the news: Young people are leaving higher education burdened by more debt than any other generation. In fact, in just over ten years, debt for people younger than age 30 has almost tripled.
So what does student debt have to do with temporary work and Millennials? Turns out, plenty. With more debt comes an associated delay in life achievements such as buying a house, getting married, and even moving out of a parent’s home. Because those milestones come later, Millennials are also seeking out alternative options for work in order to both secure employment and find a better work-life balance than previous generations. All that’s led to an embrace of non-permanent positions by that generation.