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Millennials are even more divided than they were before the pandemic.

Millennials are even more divided than they were before the pandemic. Thanks to the financial crisis of 2007, Millennials were split down the middle as older cohorts graduated “into a stagnated market” and their younger cohorts “caught the tailwind of recovery.” Now, COVID has exacerbated that: Millennials who already had lower salaries pre-pandemic, those with kids, and those who are unemployed are the ones in the generation who are suffering the worst. On the other spectrum, wealthier Millennials have been able to spend less and save more financially, and are finally able to pay off debt, invest in retirement, or invest in the stock market. Meanwhile, those who fall into the former category found themselves moving back in with their family, while the ones in the latter category were able to buy homes. YPulse’s No Place Like Home trend report found that 85% of 13-39-year-olds who live with their parents or are currently renting, plan to own a home in the future. (Business Insider)

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