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RSS Feeds3 Reasons the COVID-19 Recession Will Be Especially Devastating to Millennials
(WorldNews Business)

 
 

4 july 2020 15:22:48

 
3 Reasons the COVID-19 Recession Will Be Especially Devastating to Millennials
(WorldNews Business)
 


Millennials have faced numerous economic challenges throughout their lifetimes. The 2020 recession is yet another one. This pandemic-driven economic downturn is likely to have an especially profound negative impact on this demographic, according to an analysis by the Federal Reserve Bank of St. Louis. Here`s why. Image source: Getty Images. 1. Many millennials haven`t recovered from the Great Recession The Great Recession started at an especially bad time for millennials, many of whom were entering the job market just as the economy imploded. Sadly, many people in this age cohort still haven`t gotten back on track after this financial disaster during their formative years. The Federal...


 
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