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Add it all up and it’s no surprise that we’re the first generation in modern history to end up poorer than our parents..
“Some days I breathe and it feels like something is about to burst out of my chest,” says Jimmi Matsinger.
But his degree is almost eight years old and he has no relevant experience.
“A lot of workers were just 18 at the wrong time,” says William Spriggs, an economics professor at Howard University and an assistant secretary for policy at the Department of Labor in the Obama administration.
“Employers didn’t say, ‘Oops, we missed a generation.
But generalizations about millennials, like those about any other arbitrarily defined group of 75 million people, fall apart under the slightest scrutiny.
Contrary to the cliché, the vast majority of millennials did not go to college, do not work as baristas and cannot lean on their parents for help.