Young Adults, Burdened With Debt, Are Now Facing an Economic Crisis

The New York Times (04/06/2020)
  • While America’s young adults are unlikely to get sick, they’ll be the hardest hit from coronavirus’ economic impact.
  • Before the epidemic, 23-35 year old Americans were already burdened with credit card and student debt and owned little in assets (stocks, real estate) to serve as a financial cushion.
  • The coronavirus has completely shut-down part-time and gig work that young adults were heavily reliant upon.
  • Article profiles young adults suddenly struggling for necessities.
  • The downturn may be short, but the economic damage could be long-lasting.