Understanding the Squeeze on Millennials

Slow growth hurts now, but so did overconsumption by boomers.

The basement? Oh, it's wonderful.

Photographer: T.J. Kirkpatrick/Bloomberg

Did rich countries like the U.S. betray the millennial generation -- the people born in the 1980s through the early 2000s? Some make that claim. For example, a report in the Guardian discusses how high unemployment, sluggish income gains and student-loan debt have hit young people in Western countries hard.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.