- Millennials (22-38 year olds) will be hit hardest by the next US economic downturn.
- Many older millennials still haven’t recovered from the Great Recession (2008-09), the worst job market in 80 years.
- Entering the workforce during downturns often results in “significant” career earnings losses.
- Cash-strapped millennials haven’t been able to accrue wealth via major post-recession housing and stock price appreciation.
- The average millennial is worth 40% less than GenXers were at the same age.
- Also, millennials are burdened by $1 trillion in student loan debt.
