Millennials Are Now Considered The "Lost Generation"

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Millennials Are Now Considered The "Lost Generation"

Post by ZenInformer » Sat May 26, 2018 5:56 pm

The report suggested that millennials (born between 1981 and 1996) not be just broke, they are at most significant risk of becoming a “lost generation” regarding wealth accumulation. Coming of age post-GFC has been difficult. Many millennials are stuck in the “gig economy” with stagnating wages. On top of that, this avocado toast generation is fighting against a rapid surge in living costs coupled with mounting debt on their books via auto loans, credit cards, short-term loans, and student debt.

The net worth of a typical millennial household born in the 1980s is about 34 percent below what was expected, the report stated.

A Lost Generation?…Fed economists determined that millennial households lost even more financial ground between 2010 and 2016, falling farther down the economic hellhole and behind the typical wealth life cycle. ... generation

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Re: Millennials Are Now Considered The "Lost Generation"

Post by PrimeOfTruth » Sat May 26, 2018 6:35 pm

Yep. They are a lost cause.

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