And then there’s the Great Recession. As an old millennial, I was already in grad school by the time the bank bailouts and the foreclosures started happening. But others finished high school or college and stepped right into the financial crisis, giving them little option than to do the thing for which our generation would later be roundly ridiculed: move back home. At the same time, tens of thousands of millennials watched their parents lose jobs, the homes they grew up in, their retirement savings—making it harder, if not impossible, to move back home. Some millennials’ experience of the
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