The Next Recession Will Destroy Millennials - The Atlantic

I came into this article from The Atlantic while I was checking out the financial markets earlier this week as the opinion of economists, policymakers, and investors continue to clash over the next step in our economic cycles. Many are concerned with the recent signals from the yield curve that have estimated future recessions in the past. However, many economic indicators like employment and retail sales continue to be at healthy levels despite the uncertainty. Given the amount of time we have had in this latest cycle of economic expansion, which is one of the longest in history, it is really not a matter of if but when it will happen.

Even more importantly to when are the implications that the recession could have to the viability of a country. Given the shift in demographics that we have seen over the last two generations, the amount of economic growth coming from increases in population is already a headwind as many are waiting to start families later, if at all, as well as reducing the size of the family given the costs associated to the new economy. This is already an economic hole that many develop economies are already suffering from. In addition, the amount of credit that has continued to support the economies in these countries have continued to balloon and could cause another round of financial harm not seen since the housing crisis in 2008. The crisis has still impacted the minds of many as homeownership is at lows despite the higher costs of renting. It seems as if a perfect storm is brewing for the generation that is next in line to take over the economic future of the world!

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