It may be nothing new to you but demographically speaking, the income disparity between millennials and other generations at their age is a new factor. When you are attempting to model a system-wide problem, saying that system-wide, millennials have less money means that system-wide, millennials have less resiliency.

The point of the article is that baby boomers who lose their jobs - as a demographic - have more reserves. They have more houses. They have more savings. They have more retirement. They have a greater safety net. It's also worth pointing out that the boomers have been in the process of retiring since 2011; as a cohort they're already halfway to fixed-income. The point is that yes - you'll get the short end of the stick. You always have. And no. You will not recover. Because unlike any cohort dealing with recession before, you have not had the ability to gird your loins against the storm.

This is not a personal criticism. It is a dispassionate analysis of the economics of the situation.