Millennials could be playing an essential part in keeping the U.S. out of a recession. 

Millennials could be playing an essential part in keeping the U.S. out of a recession. Canaccord Genuity’s chief strategist Tony Dwyer thinks the demographic’s vigorous spending is what’s keeping the economy afloat. With the peak birth year of the generation (1990) soon turning 30, a significant number have become established in the workforce and are on the brink of setting up their own households. He also reports that while Millennials are riddled with debt, they’re still comfortable enough to spend, thanks in part to low unemployment rates. Thanks, Millennials! (CNBC)