February 10, 2012
There are 80-plus million Americans today who were born roughly between 1978 and 2000, and they’re getting hit hard by economic circumstances created over the past 30 years. The Millennials are the first generation of Americans who cannot count on doing better than their parents.
Many Millennials are working longer hours, and have seen their earnings decrease. Meanwhile, their personal debt has increased over the last four years to the point where they face unrelenting payments on interest for money they borrowed for college or just to stay above water.