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Millennials and boomers: Pandemic pain, by the generation

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Millennials and boomers: Pandemic pain, by the generation

Millennials and boomers: Pandemic pain, by the generationFor baby boomers, named for the post-World War II surge of births, that means those who are retired or are nearing retirement are seeing their 401(k) accounts and IRAs looking unreliable while their health is at high risk. Millennials, who became young adults in this century, are getting socked again just as they were beginning to recover after what a Census researcher found were the Great Recession’s hardest hits to jobs and pay. “The long-lasting effects of the Great Recession on millennials, that was kind of scarring,” said Gray Kimbrough, a millennial and an economist at American University in Washington.