Millennials, Burdened With Debt, Are Now Facing Their First Economic Crisis [The New York Times]
AT&T Inc. (T)
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Source: The New York Times
Evan Schade, 26, and Kaitlyn Gardner, 23, lost their jobs in Kansas City, Mo., and have just over $1,000 between them.Credit...Shawn Brackbill for The New York TimesSkip to contentSkip to site indexMillennials, Burdened With Debt, Are Now Facing Their First Economic CrisisYoung adults, who entered this financial downturn with fewer resources than previous generations, are enduring pain.Supported byContinue reading the main storyByNathaniel PopperApril 6, ,The last time a serious economic downturn hit in 2008, Evan Schade was in high school and the crisis seemed like a news event that happened to other people. This time, asthe coronavirusWhen nonessential businesses were closed last month in Kansas City, Mo., where he lives, Mr. Schade, 26,lost his jobThe money they have in their bank accounts, just over $1,000, is enough to cover only this week’s $800 rent check — forget about his $300 student loan payments or the health insurance he was hoping to finally sign up for. The couple have
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