Recent research reveals an apparent paradox for U.S. millennials (born after 1980, ages 16-34): while they may be on track to be our most educated generation ever, they consistently score below many of their international peers in literacy, numeracy and problem solving in technology-rich environments. Equally troubling is that these findings represent a decrease in literacy and numeracy skills when compared to results from previous years of U.S. adult surveys. As a country, simply providing more education may not be the answer. There needs to be a greater focus on skills -- not just educational attainment -- or we are likely to experience adverse consequences that could undermine the fabric of our democracy and community. This vital new report sheds light on the growing inequality of opportunity in the United States and the impact this has on both skills acquisition and outcomes for both current and future generations.