Millennials on Millennials Presents: Millennials Didn’t Start the Fire

Here is a great blog post from our Cushman & Wakefield research team.  It is a great perspective about Millennials, written by Millennials.

Millennials on Millennials Presents: Millennials Didn’t Start the Fire​

Myth: The recession didn’t affect Millennials like it did Boomers and Gen X-ers!

Fact: Maybe not during the recession, but it has played a large role in how Millennials make their financial decisions today.

Millennials, including these authors, are still spooked by the Great Recession of 2007. As we approach the 10th inning of this economic recovery, the commercial real estate industry is beginning to get a little wary (stay woke, fam).

Many economists, including Robin Bew of the Economist Intelligence Unit and Victor Calanog at Reis, Inc., have predicted an economic downturn will occur in late 2019 or early 2020. A small contingent of economist think growth in this cycle will continue well into the next decade. While some mark today as the calm before the storm, no one knows exactly when that storm will hit. The question remains unanswered how a potential economic slowdown would impact Millennials.