Book details

180 Pages
Publication date: January 2020
Imprint: Ecowin
Lukas Sustala

Too Late to the Party

Why an Entire Generation is Missing the Train

THE BOOM YEARS ARE OVER

The main thing they care about is organizing their leisure time. Other than that, they are resting on the wealth that previous generations have produced. This is the common preconception of the younger generation. Ecologist and journalist Lukas Sustala delivers proof to the contrary by showing that young people are late to the party in many regards—and often, they find preposterously bad opportunities, whether it’s in their professional life, in education, or on the housing market.

High real estate prices cause a whole generation—without inheritance—to have difficulties in building up wealth. The times where well-educated professionals were able to choose their employer are long gone. Instead, competition for coveted places at universities is all the more intense. The golden years of the welfare state when the general public was granted a large pension for a mere Euro deposit are a thing of the past. And what the job market is going to look like in the near future has only a very marginal influence on the decisions on education policies that are made today. While the parental generation enjoyed decades of prosperity, the financial crisis of 2008 has left deep incisions on the résumés of young people.

Author

Lukas Sustala

Lukas Sustala, born in Vienna in 1986, is an economist and journalist. His position as deputy director of the economic research institute Agenda Austria has provided him with the empirical basis, his previous job as a journalist (financial editor at Der Standard, editor-in-chief at nzz.at) with the elegant style. Lukas Sustala lives in Vienna and currently writes a colum for the newspaper Kurier.

Ecowin wurde 2003 als unabhängiger Verlag gegründet. Wir konzentrieren uns auf spannende Autoren, die zu spannenden Themen und Entwicklungen unserer Welt einen Beitrag leisten. Die Vielfalt der Meinungen sowie der Diskurs unter den Autoren und innerhalb des Verlags sind uns viel wichtiger als das Vertreten nur einer Denkweise. Wir investieren in langfristige Beziehungen mit unseren Autoren, Herstellern und Buchhändlern. Seit April 2013 ist Ecowin eine Marke der Red Bull Media House GmbH.

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