America’s young adults bore the brunt of the 2007-2009 economic recession. Those who entered the job market during the worst of the crisis may forever be marked by it, particularly the graduating class of 2008. Understanding the
America’s young adults bore the brunt of the 2007-2009 economic recession. Those who entered the job market during the worst of the crisis may forever be marked by it, particularly the graduating class of 2008. Understanding the effects of the Great Recession on the millennial generation is far from complete, but some truths are evident: The recession caused many Americans born roughly between 1981 and 1996 to defer major adult milestones like purchasing a home or car purchases and delaying marriage.
But while the ramifications of postponing marriage and buying a home will eventually fade int