millennial -- millennial is. it is the 1834 age group. talk about it in the context of who can do for us. these are the leaders need to be learning from. barbara: i would say because i work primarily with people that are millennial's, i often get asked in meetings, tell us what you think. you describe what every millennial thing. there are millions of no one kneels and -- millennial's. i cannot speak for every one of us. jake: we actually don't use the term at mic because we find it is used to stereotype the generation more than it is a word that anyone are eight uses. i had to ask. -- our age uses. barbara: are we allowed to use it? [laughter] jake: we will use it tonight. on the one hand probably a generation that is incredibly that is averse -- divers politically active informed. we came out from president obama in record numbers. on the other hand, you have a generation that has been described to me as one of the most stereotyped. if you look in the media, i'm sure we could talk out of turn but it is everything from lazy to narcissist

so we have millennial's on our ships around the world.the cruising industry does not live and die by getting millennial's on their cruise. arnold: they do not live and die, but you want to build your base for the future. betty: still to come, the one destination that every cruising company is ready to court. how big is china going to be? >> it will eventually be the largest cruise market in the world. ♪ betty: the cruising industry has built its success in the west, but halfway around the world, there is another market on the horizon they could change the game completely. the demographic shift in china and the growth of the middle class is one of the biggest single demographic explosions in history, one of willig demographic shifts we have gone through has been the baby boomer generation. what's happening in china today makes that look insignificant. betty: royal caribbean ceo richard fain says that in a few years, the middle class in china will not only be bigger than the middle class in america, but bigger than america. consumer spendin

you describe what every millennial thinks. there are millions of millennials.speak for every one of us. jake: we actually don't use the term at mic because we find it is used to stereotype the generation more than it is a word that anyone our age uses. i had to ask. barbara: are we allowed to use it? [laughter] jake: we will use it tonight. on the one hand, we are a generation that is incredibly that is diverse, politically active, informed. we came out for president obama in record numbers. on the other hand, you have a generation that has been described, to me, as one of the most stereotyped. if you look in the media -- i'm sure we could talk out of turn -- but it is everything from lazy to narcissistic to selfie-obsessed. do any of you have a favorite? there is a real misunderstanding as to who this generation is particularly in political circles and the media. i guess i wanted to start by really asking each of you why you think the generation is so misunderstood and how you and your type of work has approached that problem. sara. sara: we are one of the mos

millennials are disengaged from the entire ecosystem.nd having children isn't gonna make them suddenly abandon netflix and go back to pay tv. they're simply gonna find their programming through a different venue. >> reporter: so, does this new media landscape really point to" the death of tv?" well, jay yarow, who writes a regular "death of tv" column for "business insider," says this: >> there's still millions of people tuning in to tv shows. with any conversation around the death of anything, you have to keep in mind what the "death" really means. it doesn't mean it goes to zero, and goes away, and disappears entirely. what it means is it probably goes into decline, or it goes flat, it goes sideways. >> reporter: if you're betting that tv as we know it won't be around ten or even twenty years from now, you'd likely lose that bet. and the giants like espn or hbo will likely survive no matter how their signals come into our homes. but if millions more turn away from the "cable bundle", it's a very good bet that many of the smaller, speci

i consider myself as a boomer to be lazier than my millennial kids. boomer. i'm a better boomer between the two -- [inaudible conversations] >> he had that dr. evil chair where he falls over -- neil: trust me i will. what are you bitter about charlie? >> first off, hillsden he doesn't look like a millennial. >> he's not, actually. >> well, you don't look like a boomer. >> another thing, i can lift more than most of these millennials. neil: don't do the jock thing -- >> i'm in good shape. the other thing, i will say this, neil, and i run across millennials all the time because, you know, i have people that work for me, and i see them in the newsroom -- neil: you hit on them, right. [laughter] >> you are -- no let's be clear the millennials fought in iraq, they serve in afghanistan they're some of the bravest -- >> thank you. >> -- kids in the world. >> no, i totally agree with that. neil: he's not saying that they're not. >> no, no i'm just -- >> they do it by choice. neil: yeah. >> let you give -- let me give you my experience. they think that we imme

neil: well, you think only millennials complain?talking about the adult diaper. [laughter] i am talking bitter boomers who have had it with the young and the restless. it's true. and my glorifying these young punks with their own segment, well, the hex with that. time for a geezer rebuttal right now. [laughter] >> that guy in the middle -- who's that? neil: these bitter boomers are just the ones to set 'em straight, charlie gasparino, david asman and, indeed, all wearing depends. [laughter] you're all bitter boomers. steve, are you a bitter boomer? >> sort of, neil. i think that this is a generation that wants everything instantly. neil: your generation or the young people? >> the young people. you know, facebook, everything. they want it all instantly. when i was growing up we had to learn to read the newspaper we had to actually go and court girls. it wasn't hitting a button on a dating site. and, you know, to make it more serious, we were controlled by our government to a greater extent than the kids are today. because of the war

you will describe every millennial thanks. there are millions of millennials a we all might have certain things that are similar but we are all i can't speak for every millennial. >> at mic we don't use the term. we find it's used to sort of stereotype the generation more than it is worth anybody in our age could even knows what it means. i had to ask. i think -- we will use it tonight. i think the best way to start this is to set up a problem which i think is sort of on the one hand you have generation that is incredibly diverse, most educated in u.s. history, very politically active, very informed. came out for president obama in record numbers. on the other hand, you have a generation that has been described to me as one of the most stereotyped. if you look in the media is everything i'm sure we could all tossed out of term but it's everything from lazy to narcissistic to stop the obsessed. does anybody have a favorite daylight but there's a real fundamental misunderstanding i think as to this generation is particularly in

you will describe every millennial think.'s millions of millennials and we all might have certain things that are similar but we are all, i gets bigger every millennial. >> at mic the actual don't use the term because we find it is used to stereotype the generation more than it's worth of anybody our age even needs. i had to ask. spent are we allowed to use it? [laughter] >> we will use it. the best way to start is sort of set up a problem which i think is sort of on the one into the generation that is incredibly diverse, most educated in u.s. history, very politically active very informed, came out for president obama in record numbers to and on the other hand, you have the generation that has been described to me as one of the most stereotyped. if you look in the media it's everything, i'm sure we could all talk -- tossed out of term but it's everything from lazy to narcissistic -- to any of you have a favorite term it like? there's a real server fundamental misunderstanding i think as to this generation is particularly in

to us, no wonder millennials are getting a bad name, how about free education instead. people should not pay for knowledge. it is absurd. and it would be nice if everyone could have an opportunity but not many can afford it. education should be free because it is a right. and repayment. where is the loin low forgive -- loan forgiveness, that just a few. you know, it is interesting i wonder where this goes when so many people your age feel entitled that as long as they are not stuck with the bill they don't care who is. >> this is a problem, i think our generation sees promises that are given to us, the truth behind those when president obama comes out and promises our twitter generation free community college for all we get all excited that go to twitter then they realize it will cost over $60 billion over 10 years they are told we'll make college more affordable, and access inyou learn that way that president obama will do it by taxing 529 college saving plans, we start to see the government promises and they are substanceless. >> i agree that i think that millennials

we get a warped view of millennials in the new york area.they're financially illiterate. whose fault is that. >> the ones in the new york area are illiterate on everything. you know why? we baby them here. >> it's the parents' fault. neil: we don't teach them. >> i like how old people boomers focus on internal infrastructure. >> canes and stuff. [ laughter ] >> yes. >> it's not nature. >> no but it's not just new york either neil. it's that millennials that have a higher unemployment rate less employment than other generations at their point in life. neil: is that because the jobs stink? it's our fault for leading them back to the world. >> it's the parents' fault. it's our fault. >> they've got to realize -- [ inaudible ] >> they have to realize the jobs are in electricity and plumbing. >> they are intrigued by free stuff, right? >> they hate it when i throw coffee at them. neil: i hate it that you're here. [ laughter ] >> thank you, these are bitter boomers, and the deal that has >> what's the deal, neil? neil: and what's the deal with the

sadly, that is the national norm, including for millennials. pbs newshour, i'm hari sreenivasan reporting from new york. ♪ ♪ ♪ >> woodruff: for more on our series "race today" please visit our homepage, pbs.org/newshour. >> woodruff: now, a deep and unique look at the history of cancer, and the battles to end it or slow it. it's the focus of a three-night documentary on pbs that starts tonight and continues through wednesday called "the emperor of all maladies." it's produced by ken burns and based on the book of the same name by doctor siddhartha mukherjee. first, an excerpt from tonight's episode. it's about what happened to olivia blair, a toddler diagnosed with an acute type of leukemia that has spread to her brain and spinal column. the film follows her as she and her parents struggle with difficult decisions, including this moment when doctors discuss the option of radiation to her brain. >> so, obviously, the question is what does this mean. >> well, i'm automatically thinking that the leukemia is in her spine in her brain. it's more ser

>> i think a lot of millennials are there, right? they are, those who have access are saving. they realize it's important but i also think it's important to be thinking about retirement in the long term, but also about how you're managing student debt, which is a real obstacle or it is a real question. so i think thinking broadly and holistically about the economic picture that you're facing, and then figuring out what makes the most sense to you on a month-to-month basis. >> woodruff: how old do you think you'll be when you retire? >> it's hard to say at this point, really hard to say. >> woodruff: it's a long way off, i can say that. david john and jen mishory, we thank you both. >> thanks so much. >> thank you. >> woodruff: finally, to our "newshour shares" of the day, something that caught our eye that might be of interest to you, too. in northern ireland, in a city notorious for its protestant- catholic tensions, a beautifully intricate structure has been drawing large crowds. they're coming to see a 75-foot wooden temple, the creation of american artist david best, who a

they did a study on millennials. what the study said things are not so good for them. american millennials got low mark in math and literacy, and the ability to follow simple instructions for problem solving. princeton said it's bad news for millennials, every orderly generation trashes the younger generation. >> of course. back when my father was young he walked ten miles to work everyday. >> and had to read an actual newspaper and listener to music on a record player. >> protesters were back on the street in ferguson yorchlt overnight. after the shooting of two police officers. >> trading-in or selling your car truck or suv? webuyanycar.com takes the hassle out of selling in just 3 easy steps. one, get your free online valuation. two, book an appointment. and three, pick up a check at your nearest buying center. ♪ find out how much your car is worth ♪ ♪ at webuyanycar.com ♪ diswr happening now on "action news," accuweather is tracking a wet start to the weekend. >> developing now police investigate a deadly robbery attempt on a man who was walking his dog. >> the eag

i think we need to stop that question, until millennials.illennials don't buy houses until they have established career and money, in a way the way it should be. housing is not a right. it's a privilege. dr. shiller, great to have you, thank you for joining us. >> all right. my pleasure. liz: robert shiller, nobel prize winning economist. we have the ceo and president of hovnanian enterprises, how it really feels in the trenches at the moment. >>> a storm of protests over the controversial indiana religious freedom law, but we will hear from a top lawyer who says despite the outcries, the law is constitutional. okay? he's saying that. he's going to give us his perspective. we'll dig down deeply and find out why he feels that way? >>> it's war in the online dating war, not love, but for the companies doing battle. we're asking the ceo of zoosk what sets it apart and why it pulled the ipo. is it going to launch the ipo soon? stay tuned. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world, t

one-third of millennials get support from their parents.if i by my daughters college books or -- they can stay in my farm for a weekend and not pay for it that's support but it's not crucial, is it? >> exactly. they count at times when parents buy you groceries. stuart: they do? >> yeah, there's that statistic and the fact that one in five millennials are living at home. when you look at picture for millennials, it's bleak there's a reason they're taking from parents it's not by choice, it's the only option. stuart: that's the argument a lot of millennials have to live at home because they've got no choice, the jobs aren't out there and they've got a student loan yet. some are saying you're lazy, non-starters, you don't get up and go like we used to. >> neglect to tell you that millennials are dealing with 17% real unemployment. they're dealing with this and couple that with the fact that millennials are the most educated generation in history, attaining higher degrees than ever seen before. this is a generation hit by the obama economy. st

he wants to recruit more millennials to run for office. of run for america joins us now to explain his plan to mobilize these candidates. it's a brilliant idea. what exactly needs to be done to freshen up washington, d.c. the question is how do you do it successful? not just get these people to run, but to win. >> it's a great point. at run for america, we believe this idea that there's a whole generation of people out there who deeply want to serve and create impact. many of them are doing other things. they're running nonprofits starting businesses working in other fields to create impact. we see it as our mission to call these people back to service. these are the type of people and voices who can change the culture in washington. >> wish y'all had been around back when i was running. >> well that's one of the problems. there aren't really any tools or services, right, for these kind of people. >> that's exactly right. there's very little encouragement for young people. they're getting all kinds of messages about how terrible it is. you

millennials, who are overwhelmingly in favor of gay marriage. >> millennials are really the crest ofave that is shaping everyone's behavior, regardless of the generation, which is people are shopping increasingly with their hearts, not just their wallets. if a company reflects your shared values, you'll give them your dollars, you'll give them their support. >> hearts, wallets, politicians as well. we heard that the state of washington is boycotting business with indiana. connecticut as well. the governor there putting out a tweet. >> he said that indiana is turning back the clock on progress. and just to bring it back to millennials for a second, chris, i have a number for you. governor malloy's tweet there turning back progress. i got a number for you, $170 billion, that's how much millennials spend a year. yes, it's a little bit less than baby boomers, but these are the young people that companies want for life, chris. these people do not respond to traditional advertising. >> what does that mean? does that mean that these businesses are just thinking about their pocket and these

that's largely a millennial audience. we think hbo now is something of a millennial missile. and it's an opportunity for our partners and apple and future digital partners to go after that market. it's a terrific product, we mentioned some of the extraordinary content early on, as you were introducing me. and i think that's going to drive a lot of new business for us, a lot of new subs for us. but it is not at the expense of our current partnerships. that's very, very important to pu punctua punctuate. >> you call it a millennial missile. jay-z is trying to get millennials and others to pay maybe 20 bucks a months in subscription for music. how do you think about a millennial's willingness to pay that for a digital product? because there are a number of people who are questioning it. what's going to make them feel that's a great deal? >> listen, we think we have a premium product. we have extraordinary content. we have four hollywood movie studios. we have 2,800 hours of library programming 2,800 of library programming and current programming across a wide range of genres. do

i am a millennial lead to will drive some millennials out. i agree. that coffee every morning. thank you very much. thank you. meanwhile another executive order that could divide the key >> ♪ just when we are winning water they thinking the white house announced his new rules against fracking just as heavily as gas prices in years. is this a bad time to do it? >> we are a pipeline company so i have had much time they would not impact us to any degree. neil: it comes at a time when people look at fracking as the same also feel story with the approach of this administration to take the benefits of fossil fuel then to get more of it but not a big fee and. in what is the direction of this administration? >> again with natural gas production has increased quite substantially. so it moves a big amount of natural gas. neil: we would tell you a secret you wouldn't tell anyone else. but what is the view is in canada with the keystone delay when it is looking increasingly likely that future administrations will deal with it. but you move on? >> as i said before

millennials are those who reached young adulthood around the year 2000. the group did not test very well compared to other countries in skills like matt and literacy. most surprising for the researchers was that they lagged behind other age groups in the u.s. >> tying the knot is breaking the bank. new data shows the average couple spend more than $30,000 on their wedding. the wedding venue eaves of the biggest chunk of the budget, followed by the ring and t music. the cost of invitations actually went down and that is because you can do all that online now. >> i spent this evening with some folks who put their money to good use. i had the honor of mc'ing 15th annual latina fund gala. this was a celebration of latino and contributions to american -- to america. it also served a good cause. they raised money to help hundreds of low income children. they have been doing it for two decades. >> wonderful. looks like a great event. >> it really was. >> nice night to be out and about. >> my gosh. a beautiful day today and tomorrow, the clouds will role in midda

lou: turn to millennials.irected to you according to princeton base, millennials are among the country most lacking people, they lack literacy, education skills problem solving they don't know much math. what do you think? >> i am really happy we don't do multiplication on this show, i would make a fool of myself. lou: we can't risk -- well, a lot of us might. >> i blame the government, as i usually do. for making my generation into a bunch of lazy people. we're handed everything, loans healthcare, people dean have to work -- don't have 2 for anything that is not setting us up for success. >> a failure of the educational system, have you a system that feelings have replaced fact, and every generation thinks that nothing that that happened before they were around is important this is the first generation that is not geting that belief validateed in school. school. lou: i feel you are correct thank you. >> thank you. lou: that is it for us, thank you, good night from new site. -- go to our web site. >> a texas f

it's not about being a millennial.ng to do with your age and everything to do with your conscience, and so at the end of the day -- at the end of the day the capitol, unfortunately, is littered with people who have broken the law or bent the law regardless of their age or instagram account. the reality is it seems like he was disingenuous with the government forms and the reality is that's what did him in. >> i wasn't suggesting that his age is why he did this. i'm suggesting his criminality and what robert said about hubris and arrogance all certainly played a role in that yes >> the fact is probably millennials see this and say, oh, man, not a big deal. he had a great instagram. look at these pictures. come on neither one of us guys, the three of us could have a picture like that. we can't take a picture like that for a number of reasons. >> speak for yourself. >> if you tried to get me to do that, i'd be physical therapy for months if i tried something like that. >> back to the millennials aspect of it. >> that's ve

other millennials among the least skilled worker in all of world.esearchers at the princeton based educational testing service certainly were. compared to 23 other nations it turns out younger americans might be tech-savvy, might be but they still fall short when it comes to skills employers desire most such as literacy, following basic instructions, and basic math skills and even problem solving with much admired technology. not only do they fall way behind their overseas peers or competitors they even score lower than other age groups of americans. and christen how shocked are you? >> i am actually a little surprised. look, i know we like to pick on the millennials but everybody else in the entire world? >> we are down at the bottom. poland is a great place actually. >> something about it strikes me as off. does anybody else feel that way? >> i question who they talked with. lou had such little faith in us he had to tell us what the word literacy meant. >> it was in the prompter. >> it is disappointing if any portion is true. i have doubts on who

millennials.ic holder was like i think we'll go to ferguson and figure out how to fix it. it's because millennials were like, excuse me this is what it looks like. they are changing what the world is. >> race makes a difference. even though some of those younger black people are conservative, black people who are young came up with black lives matter. they are the ones who recapitulated the logic of an earlier generation. i think they are pushing us and pulling us. this is the only thing i disagree about education. it's my responsibility as a black professor, there's extra stuff i do they don't pay for me but it's on my vocation. black students i said yes, it's unfair. but it is real. martin luther king jr. didn't get paid for that either. you have to take up the cross of educating. if you don't educate them somebody else will miseducate them. as a result of that they are going to be misinformed. >> what's the accountability of older generation to pass on to younger people that racism still exists

i am a millennial lead to will drive some millennials out. i agree.u have that coffee every morning. thank you very much. thank you. meanwhile another executive order that could divide the key the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs. you're like "nothing can replace brad!" then liberty mutual calls. and you break into your happy dance. if you sign up for better car replacement, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. see car insurance in a whole new light. liberty mutual insurance. do you want to know how hard it can be to breathe

i am a millennial lead to will drive some millennials out. i agree. neil: a lot if you have that coffee every morning. thank you very much. thank you. meanwhile another executive order that could divide the keystone pipeline big oil trouble could be in the pipeline. [ male announcer ] meet jill. she thought she'd feel better after seeing her doctor. and she might have if not for kari, the identity thief who stole jill's social security number to open credit cards destroying jill's credit and her dream of retirement. every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft. and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. if jill had lifelock's protection, she may have been notified before it was too late. lifelock's credit notification service is on the job 24/7. as soon as they detect a threat to your identity within their network they will alert you by text, e-mail, or pho

i do believe millennials are strikingly more liberal libertarian on social issues. personal freedom issues have been up older groups. that's a little more difficult to say. the reason the foundation does a regular poll and their pollster has tried to present evidence that the millennials big government progressive liberals as some polls would indicate. i'm not sure i'm entirely convinced. however most millennials still living in their parents basement have not started paying taxes. when people start paying taxes they tend to become more fiscally conservative or libertarian in i think also among millennials there is a huge deep skepticism about the ability of government to solve problems so even if they say they want the government to guarantee everybody a job they are deeply skeptical that government works. in the long run that's going to push them in a libertarian direction. also they are growing up in a world of incredible choice available in so many areas and i can't believe i can't believe millennials who have accepted that choice in lifestyle and choice on the

>> millennials are anyone born between the year 1980 and 2000. researchers say the generation consistently scores below their international peers when it comes to following instructions basic math questions and problem solving. >> they're super resourceful so maybe they weren't able to measure that. >> yeah. >> home owners' insurance rates have been rising sharply in recent years because of natural disasters all across the country. >> but you may not know that there's another reason your rates are rising and it has nothing to do with claims. john matterise explains so you don't waste your money. >> if you're filing an insurance claims such for fire accident you expect insurance rates to go up. more and more people across the area who have never filed a claim are being hit with rate hikes. they're wondering why. she didn't have a fire or flood not even a fender bender but tammy clark's home owner's insurance has jumped $80 a year. >> has to do with my driving record, has nothing to do. i've never filed a claim. >> this letter from state farm expla

why are millennials now questioning so much?ruggling with questions of living with a lot of different faith groups in their schools and network of friends. they're inundated with media, with different perspectives. >> author david kinman has studied this phenomenon. 8 million millennials give up on god by their 30th birthdays. >> 59% of people who grow up in a christian home are going to walk away on some level. they're either going to become ex-christians or dechurched. ♪ >> david gormley struggled for years and at 16, gave up on god. >> i actually came out as an atheist. i didn't want to lie to people anymore. i was just tired of pretending that i was someone that i wasn't. >> david's news rocked his deeply faithful family. do you remember how they took it? >> with quiet silence at first. for about six months afterwards, we had a very rough period. tensions were just very high. >> take me back to that moment where david said, i need to tell you something. i don't believe in god. >> i guess to hear him say it, to verbalize it w

this is what arnold said about grabbing the millennials. >> there are millennials all over the places. betty: do you need to get more millennials cruising? >> i think it is a missed perception. we have weddings on our ships. families cruise. we have millennials on our ships around the world. betty: but the cruising industry does not live and die by being able to draw millennials onto the cruise. >> it is not live or die, but you want to build your base on followers of the future. betty: robin, is that true, that cruising could live and how millennials? robin: the average age of cruisers right now is in the 40's. there is plenty of room and the central emerging markets in china play a room for the industry to grow. betty: robin farley, of ubs. be sure to catch "cruising the high seas," on bloomberg television. stay with bloomberg. two big interviews are coming up. "with all due respect" at 5:30 this evening. senator tech -- senator ted cruz and former governor rick perry. you do not want to miss those interviews. ♪ betty: it seems like every day we hear about art collectors paying rec

delivered 400,000 plans to our policy owners and clients. >> for millennials?i'm not sure they're worse at planning than any other group. we sell to millennials. this will augment our engagement and expand the customers experience. this is about everybody across the spectrum. >> i would add that learnvest right now is servicing any household, so, you know, whether you're 25, 55, 65, getting a financial plan is what we've been doing and we're seeing that it's really broadly generating across america. >> as the audience has changed who is your average user right now some. >> our average user right now is someone around the age of 40. it's a household, a couple, making over $100,000 and to john's point they don't know what to do with their financing and they're trying to get a road map as quickly as they can. >> that was alexa von tobel the ceo and founder of learnvest with the ceo and chairman of northwestern mutual which john is a private company so doesn't have to disclose the price tag of the acquisition but fortune is reporting more than $250 million in cash.

more millennials are buying loans. >> i'll tell you what's -- i'll tell you why.interesting you mentioned interest rates, interest rates have been low for almost 7 years, and there irial uptick in new mortgage applications, we're not seeing despite extremely low rates, the regular person is simply not interested in buying a single-family home. charles: in fact, to your point, we had the mortgage application numbers out today. the only term i can use is unmitigated disaster, applications were down and home purchasers are down. could we be talking about a crash? because obviously rates are going to go up soon. if people didn't take the bait at low interest rates, what's going to happen when they go up? >> i would like to be a pragmatic realist. housing sector is not the way it was in previous cycles. it is going to get gradually on the margin, a little better, because the economy is getting a little better. more people are getting jobs, wages going up a little bit. you started to see household formations, so it's not going to be gangbusters, it's going to be okay. t

the millennials, like the plumber you mentioned. right?now a couple of clients, plumbers and contractors, they've made their own products. then they've gone out on the internet and the public and got them marketed. that's increased their wealth. these businesses and product owners are creating wealth for themselves that wasn't there 15, 20 years. charles: what i love in this issue, you guys talked about the number of people on the list that are self-made. overwhelmingly the people on the forbes 100 is self-made. >> that's right. those who inherited, most of those substantially increase their inheritance. they do real things. that's what the world is about. if you think you've arrived, you're ready to be shown the door. the world doesn't stay still. a lot of people may not want to start their own business. if you get a proper tax code and a stable dollar and things like that, control your health care, you can get the skills to rise up in the world. so there is a place for everyone there when you get these things right. that's what obama has