Newsweek's Rana Foroohar recently dubbed those presently entering the workforce as "The Recession Generation, " noting that today's workers will indefinitely earn less while saving more.
The Urban Institute authors blame stagnant wages, diminishing job opportunities and lost home values during the great Recession, which hit the younger generation the hardest.
It is about how we deal with the great economic problems that confront this generation - the recession and the record level of government debt.
Schawbel says his research shows that Gen X is the most stressed generation because they are squeezed by the recession and unemployment, while having to take care of their families.
Baby boomers have been on a slow decline since before the recession, while the younger generation, 25-34 year-olds, are on the rise.
This was the generation preceding the Great Recession, 1982-2007, a span which on the lead of Prof.
But as companies brace for a possible recession, the real advantage of a new generation of thin clients will be cost savings.
Because part of what happens in this kind of recession environment -- the disadvantage of this generation coming in and not being able to get fully employed, that lingers for a lifetime.
On the other hand, another recession could keep housing from recovering for decades among this generation.
Since the 1950s the normal pace of recessions is to have one dip per decade and one serious multiyear recession per generation.
The normal pace of recessions is to have one dip per decade and one serious multi-year recession per generation.
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