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Millennials Got Hammered by the Great Recession. Retirement Will Hurt Even More.
The Great Recession spared no one, but it fell especially hard on millennials. They suffered the highest unemployment rates, which academic evidence shows this will permanently reduce their wages. In the meantime, student debt has skyrocketed to record levels. The result: Their greatest financial hardship may come decades from now, when they retire. Merrill Lynch released a report Wednesday intended to highlight the positive motivations for Americans working in retirement…Read More
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