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Zero Hedge Millennials Are Now Considered The “Lost Generation”

Summary:
Lost economic and financially, that is. The Federal Reserve Bank of St. Louis published a new report examining the relationship between a person’s birth year, and measures of his or her family’s economic status, including income and wealth. Fed economists determined that substantial wealth declines were visible across the age spectrum around the Great Financial Crisis (GFC) but found that young families suffered the most. Zero HedgeMillennials Are Now Considered The "Lost Generation" Tyler Durden See also Political impact? PewMillennials projected to overtake Baby Boomers as America’s largest generation Richard Fry

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Lost economic and financially, that is.
The Federal Reserve Bank of St. Louis published a new report examining the relationship between a person’s birth year, and measures of his or her family’s economic status, including income and wealth. Fed economists determined that substantial wealth declines were visible across the age spectrum around the Great Financial Crisis (GFC) but found that young families suffered the most.
Zero Hedge
Millennials Are Now Considered The "Lost Generation"
Tyler Durden

See also

Political impact?

Pew
Millennials projected to overtake Baby Boomers as America’s largest generation
Richard Fry

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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