The recession, which began late 2007, was the worst financial crisis Americans have experienced in recent decades. National unemployment rates jumped to ten percent, the highest in twenty years. Birth rates fell. Personal debt skyrocketed. Though the Great Recession affected the entire country, one age demographic received the brunt: Millennials.
The nation’s largest generation since the Baby Boomers were welcomed into the labor force with a shrinking job market, insane amounts of debt, and no experience to fall back on. Thus, 32 percent of the Millennial population were driven back to their childhood homes, as Pew Reserch reported this year.