'When I graduated high school in 2008, it was a recession. Now, here I am, I just started a family, and I'm basically in another recession.' Millennials are facing another once-in-a-generation economic disaster.
Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.She and her partner, Adam Tuthill, welcomed their second baby in late January. They were making pretty good money and hoping to buy a home in the coming year.Then the coronavirus pandemic hit and upended their plans. Friend, 30, was furloughed from her job in a restaurant's bakery section in mid-March and has struggled, like many, to get all her unemployment benefits.
The coronavirus pandemic, which led to the loss of more than 20 million jobs in April alone as states mandated residents to stay home and non-essential businesses to close, threatens to set millennials back even more. "Young families are going to be put under a lot of pressure through this experience," said Reid Cramer, a senior fellow at New America who directed the think tank's Millennials Initiative.
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