10 Years Later: 4 Millennials Describe How The Great Recession Shaped Their Lives [Forbes]
Starbucks Corporation (SBUX)
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Source: Forbes
Businessmen discussing over laptop in office Luis Alvarez Call it the tale of two stereotypes. In one, Millennials are job-hopping crypto-crazed maniacs who would rather buy bitcoin than bonds . In the other, they’re a generation so scared by the Great Recession that they cling to any chance for job security and keep their money (what little they have left after student loan payments) in cash. Of course, with so many Millennials around (they’ll displace the Baby Boomers next year as America’s largest living adult generation ) you can find examples to fit any stereotype But a decade after the financial crisis, there’s evidence that as a whole, the generation and its attitudes toward work and money have indeed been influenced by the Great Recession. Stefan Nagel, a finance professor at the The University of Chicago Booth School of Business, says he’s seen this phenomenon with Depression-era babies. In a 2009 study , he found that people who experienced low stock-mar
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- 4/17/24 - Form 4
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