As any self-hating millennial is surely aware, the definitive generational experience has been punctuated by war, recession, debt, and maybe a national tragedy or two. Those who are old enough to remember the political consequences of September 11, 2001, the declaration of war in Iraq and Afghanistan, the onset and experience of shuffling for work during the Great Recession, along with copious other human tragedies, are indeed millennial to the core.
And yeah, the implications are grim and longlasting. As Pew writes, the Great Recession is the curse that keeps on cursin':
"As is well documented, many of Millennials’ life choices, future earnings and entrance to adulthood have been shaped by this recession in a way that may not be the case for their younger counterparts. The long-term effects of this “slow start” for Millennials will be a factor in American society for decades."