Millennials had barely recovered from the Great Recession. Then came the pandemic.

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A generation of young adults who came of age during the Great Recession are now finding that their wobbly recession-era start is compounding the financial woes the coronavirus pandemic is inflicting.

This setback is a frustrating reminder of the hardships Toney faced a decade ago. “No one anticipated this. If anything, it’s been more stressful trying to figure out how to rise above this and not get discouraged,” she said.

At the time, credit cards were a lifeline — but they quickly became a trap. “I had good intentions when I started using it but I had no knowledge about how they really worked. I had no knowledge about percentages,” she said, admitting that she wasn’t sure what she was paying in interest. “It was probably something crazy.” found that members of this age cohort were slower to strike out on their own.

Pew also found that millennials were better educated, with nearly 40 percent earning bachelors’ degrees, but that educational attainment proved to be a double-edged sword when many young adults found themselves graduating into a recession-weakened economy with an unprecedented level of student loan debt — and eroded income growth potential.

Four out of five millennials worry that Social Security will no longer be available when they retire.

 

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It's been that way for 20 years. Dotcom bust, 9/11, 2008 financial crash, pandemic. Plus in the meantime high taxes, more regulations and people wanting $15/hr for entry level work.

It’s not the avocado toast.

Milenios are 👇🏽

Young Americans may decide the results of this consequential election. They face barriers to political participation & often excluded from political conversations, this diverse group has a willingness to vote & take meaningful action on behalf of candidates and causes.

TuckerCarlsonTonight is telling the truth about America

BacktoWorkAmerica

My niece is in this position. I feel so much empathy for her.

Yet most of my generation thinks more leftist economics will solve their problems. We are children of socialism.

A generation of young adults who came of age during the Obama administration are UNHINGED!!!!

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