Generation left behind? Millennials work to shed that financial label.
Ross Wakeman-Hines, a millennial electrical engineer from Viera, Florida, bought a house last year right before the onset of the pandemic.
The trouble was, he hadn’t sold his present home. And when the lockdowns hit, the old house sat on the market – and sat and sat for a full year before he finally unloaded it.
That meant double mortgage payments and double the expenses of home maintenance, which forced him to suspend his 401(k) contributions to conserve cash.
His wife, Honghong, had it worse. The pandemic, along with rising political tensions with China, killed her business of helping students from China apply and get accepted to U.S. colleges. She’s now selling life insurance.
If ever there was a generation that could complain about lousy timing, it’s millennials. Through no fault of their own, they started their careers in and around the Great Recession, then in midcareer got hit with a pandemic that locked down businesses and threw millions of workers out of jobs.
Their story is
Significant recovery for manyThe tough road for Black millennials“I have to be optimistic”
