Vox: Why the Covid-19 Economy is Hitting the Millennials the Hardest

From VOX:

based on data from a poll of 4,917 adults (taken from April 7 to 12, with a 2.1 percentage point margin of error) shows those between ages 18 and 29 have been the most affected by layoffs, with 35 percent saying they or someone in their household has lost their job. That cohort has been most affected by pay cuts as well, with 45 percent reporting reduced wages in their household.

Older millennials, who are entering their peak earning years, make up the second most affected group — 30 percent said they or someone in their household have lost their job and 39 percent said wages in the household have been cut.

Overall, a PBS NewsHour/NPR/Marist College poll found, with a 3.8 percentage point margin of error, that 55 percent of Americans under the age of 45 had either had hours cut, been laid off, or been furloughed as of April 26.

Millennials of color have been particularly affected by layoffs.

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