Second Wave: COVID-19’s Impact on Millennials

” With the way everything’s going now and the way that technology is going, you can do a lot of things with a lot of different new materials.” -Carmelo Anthony

Martha C. White’s NBC News article entitled “Millennials had barely recovered from the Great Recession Then Came the Pandemic,” argues that millennials people born between (1981-1996) came of age during the Great Recession in what was then the worst economy and job market since the Depression. White expands on this argument by suggesting that recession-era is now compounded by financial woes of the COVID-19 pandemic.

Credit counselors say that the increase in student loan debt, stagnant wages, and the pandemic provides of a perfect storm. The lack of wealth building through stock market investing and home equity. The previous generations were able to use these tools to build wealth.

Millennials have less than $10,000 in assets.

Millennials are renting homes, living their parents, and room mates.

Millennial are living pay check to pay check.

Millennials entered the workforce during a fractured economy. Additionally, the lack of benefits like health insurance and retirement savings coincide with unstable earnings. But it is my belief that there is a light at the end of the tunnel. Millennials are also known as the digital natives. We are the generation that was exposed to the elevation and usage of the Internet, social media, and mobile devices. We can invest in stocks from our cellphones, we can create an e-commerce store on our cellphones, and we can use social media to go viral to products our own brands and products. Additionally, we monetize a You tube channel. Despite the challenges of student loan debt, the recession, and the pandemic. Millennials have the power and resources at their finger tips to liberate themselves from financial burdens. Find out more when you purchase the e-book How Millennials Can Rise From The Boulevard of Broken Dreams and Student Loan Debts access here @

This e-book provides millennials with tools and tips on how to create side hustles and take entrepreneurship head on. Each chapter provides a simple analysis on how to create extra streams of income by using the internet. When you purchase this e-book you will receive the webinar & e-book bundle from B.R.E.D. ( Black Real Estate Dialogue) author and podcast host Samuel Dolcine. The webinar and e-book bundle is entitled “How To Start a Successful Podcast On A Budget With No Experience.”

Hear is a review of the B.R.E.D. webinar & e-book bundle.

Wealth Always Reigns Supreme

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s