The U.S. economy has (mostly) recovered from the Great Recession, but one large swath of our population is still feeling the effects: Millennials.
Increasingly, data proves that Millennials were affected by coming-of-age during the recession, and aren’t just a lazy, entitled generation that hates spending. The Federal Reserve recently released a report stating that not only are Millennials not cultural outliers, but they’ve also lacked the economic power—in terms of income, assets, and debt—to match the spending habits of previous generations.
So Millennials didn’t kill cars or cereal, at least not of their own volition. But there’s another area where the effects of the recession have also affected Millennials: Entrepreneurship.
Read more at Forbes.com