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Economics

Millennials hit by pandemic fall even further behind

Even the most educated millennials are employed at lower rates than older college graduates, and millennials’ tendency to work at lower-paying firms has caused them to lag behind in earnings

The economic hit of the coronavirus pandemic is emerging as particularly bad for millennials, born between 1981 and 1996, who as a group hadn’t recovered from the experience of entering the workforce during the previous financial crisis.

For this cohort, already indebted and a step behind on the career ladder, this second pummeling could keep them from accruing the wealth of older generations.

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