Wednesday, April 08, 2020
Millennials Hit Hardest By Coronavirus Economic Impact As Kansas City Couple Shares Story Of Financial Misfortune
One of our KICK-ASS TKC BEST & BRIGHTEST READERS suggested this link that chronicles a very tough time endured by a Kansas City couple coping with crushing debt, no opportunity and weeks more of unemployment assured along with the threat of debilitating sickness . . .
Millennials, burdened with debt, are now facing an economic crisis
"The youngest American adults are facing what is, for most of them, the first serious economic crisis of their working lives. By most measures, they are woefully unprepared.
"While the past few years were largely good ones for the American economy, that did little to help set millennials up with a solid financial foundation. Overloaded with credit card and student debt, and underrepresented in the housing and stock markets, they entered this uncertain period with significant obligations and few resources."
Even better, the reference to a worsening "generational divide" in American culture speaks to the current situation and might be more relevant than 50-year-olds trolling 70-year-olds with the worn out "OK, Boomer" reference in comment sections across the Internets.
This story is important because it will shape the future and American economic recovery . . . If any.
Developing . . .