It is not uncommon these days to read headlines and listen to stories about “millennials” – which by varying definitions covers people roughly 20-35. These young adults are often blamed for changing habits – personally, professionally, and financially.
The end of marriage, the end of homeownership, the end of investing, and more are all placed at the feet of this generation. However, close inspection reveals that most of these pronouncements are pure myth, and the ones with any truth are often explained away by the economic circumstances many in his age group have been saddled with.
Whether it’s rising student debt, higher home prices, or lower wages, millennials are simply a product of the crappy economy they have come up against. Read more here.