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Millennials have lived through two recessions before the age of 40, the scars of which have accentuated an intra-generational divide.
“The Great Recession hit the early wave of millennials,” Neil Howe, the economist, historian, and demographer who coined the term “millennial,” told Insider. “The pandemic recession is squarely impacting the late wave of the millennial generation.”
Howe’s definition of millennials is a bit more expansive than the Pew Research Center’s, encompassing those born between 1982 and 2004. He based this on “location in history, attitudes and behavior and perceived generational break points,” he said.
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