Easier for members of Gen X and Baby Boomers (note that young people in the workforce during the Recession are generally classified as the older end of the Mill

Easier for members of Gen X and Baby Boomers (note that young people in the workforce during the Recession are generally classified as the older end of the Millenials). From the Federal Reserve Board: > Millennials are less well off than members of earlier generations when they were young, with lower earnings, fewer assets, and less wealth. For debt, millennials hold levels similar to those of Generation X and more than those of the baby boomers. Conditional on their age and other factors, millennials do not appear to have preferences for consumption that differ significantly from those of earlier generations. [1] https://www.federalreserve.gov/econres/feds/files/2018080pap.pdf https://www.federalreserve.gov/econres/feds/files/2018080pap...