Scare mongering or accurate prediction of the future? Who even knows. The fact is, house prices are only high if there are people willing to buy them. Rents are only high if there are people able to pay them. Retirement funds are only valuable if the shares behind them are valuable.<p>If a Recession hits and Millennials are as screwed as this article says they are will be, then that flow on effect will also mean the assets Boomers hold will drop in value drastically. And the Boomers in power right now don't want that to happen.
I think the title should be "The Next Recession Will Destroy Millenials... IN USA".<p>I think the next recession will change the world order, making China the most important player. Petro Yuan will be the next big currency and USA will try to create some war or their millitary spending will kill them.