TheMerkle
2018-05-27 14:00:06

Millennials Will Never Recover From 2008 Financial Crisis, Student Loans Worsen the Issue

According to a study released by the Federal Reserve Bank of St. Louis entitled “A Lost Generation”, millennials will never be able to recover from the Great Recession and the 2008 financial crisis. The Fed stated that families headed by someone born in the 1980s have net worths that are 34 percent lower than expected. The report read: We found that typical families headed by someone born in the 1960s, 1970s and 1980s were significantly below their wealth benchmark levels in 2016—by about 11, 18 and 34 percent, respectively. Despite also having suffered wealth losses during the recession, typical families headed by someone born in