I previously called millennials the "screwed" generation. A more polite Fed study uses the term "lost generation".

A Fed study on the Demographics of Wealth explains How Education, Race, Birth Year Shaped Financial Outcomes.

The study covers the long last-lasting wealth impacts of the Great Recession on young families. The article's first subtitle reads "Lost Generation?" but the charts show it's more like "Lost Generation!".

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The study did not break down the results using names of generations. Here are the ones I used in anecdotes on the Fed research charts.

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The above image clipped from New Guidelines Redefine Birth Years for Millennials, Gen-X, and 'Post-Millennials'

These charts caught my eye, as related to millennials, from the Fed study.