“Millennials of color are worse off financially” featuring University of Chicago Professor Cathy Cohen, a Black Star Member

By David Brancaccio and Jana Kasperkevic

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SAN FRANCISCO – FEBRUARY 25: Visa credit cards are arranged on a desk February 25, 2008 in San Francisco, California. Visa Inc. is hoping that its initial public offering could raise up to $19 billion and becoming the largest IPO in U.S. history. (Photo Illustration by Justin Sullivan/Getty Images)

One of the main reasons why millennials – those 18 to 34 years old – hate the term “millennial” is because it is often used to make blanket statements about their generation. Millennials are the largest and most diverse generation of Americans, with about 19 percent of them identifying as Latino or Hispanic, 13 percent as black or African-American and six percent as Asian-American.

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