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The Brian Lehrer Show

The Millennial 'Micro-Generation'

The Brian Lehrer Show

WNYC

Politics, News, News Commentary, Wnyc, Radio, Npr, Arts, New, Lerer, Media, Bryan, Nyc, Daily News, York, Public

4.61.5K Ratings

🗓️ 12 March 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

Jeanna Smialek, reporter covering the Federal Reserve and the economy for The New York Times and the author of Limitless: The Federal Reserve Takes on a New Age of Crisis (Knopf, 2023), reports on a "massive microgeneration" of people born in 1990 and 1991, arguing they have been in a in lifelong competition for America’s economic resources.

Transcript

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0:00.0

Brian Laird on WNYc for a closing segment today. We're going to take calls from those of you who are in a massive microgeneration.

0:20.0

What? Did you see that article in the New York Times?

0:22.8

There is what they call a massive microgeneration of people born in the years 1990 and

0:29.5

1991.

0:31.2

They make up the biggest chunk of the biggest generation ever and because of this

0:35.4

they've been wielding a lot of power over economic influences, no not just the

0:39.7

popularity of Avocato Toast between college admissions in the last decade and now the housing

0:45.5

crisis. They've also been in lifelong competition for America's economic

0:50.4

resources. Joining us to discuss her reporting on peak millennials is Gina Smilock,

0:56.5

reporter covering the Federal Reserve and the economy for the New York Times.

1:00.7

Usually, yes, we'll ask her about today's inflation numbers that came out, and she's the author of Limitless,

1:07.0

the Federal Reserve takes on a new age of crisis.

1:11.0

Gina, thanks for coming on. Welcome back to WNYC.

1:14.0

Yeah, thank you for having me.

1:15.6

So you're reporting on what you call peak millennials, more specifically who are they and where

1:21.8

did that term come from?

1:23.0

Yes, well, I made the turn up, so it's slightly unscientific, but the, what I mean by it is basically the population of people born in 1990 or

1:33.8

1991 and living in America today. These people weren't necessarily the

1:38.4

largest generation immediately upon birth, but between both a very big birth

1:42.4

generation and quite a lot of in migration, they are the biggest

1:46.4

population group by birth year in America today.

1:50.1

So the people who are either turning three this year or who entered the year being 33 are sort of the biggest group individual year of people in the country.

...

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