This week on The Lebenthal Report, author and Bloomberg News reporter Charlie Wells joins us to discuss his book What Happened to Millennials: In Defense of a Generation. Drawing from hundreds of hours of interviews with five millennials from wildly different backgrounds — alongside hard data and economic context — Wells explains what really happened to this cohorts' finances, careers, and lives. We dig into why millennials were labeled “lazy” and “entitled” when the macro backdrop was anything but, how repeated shocks shaped their risk tolerance, spending, and investing habits, and why they’re about to move from being the market’s punching bag to its decision-makers.
And yes, we talk about the big stuff: what millennial leadership could mean for markets, housing, retirement policy, and voting blocs — plus whether the generation that survived three “once-in-a-lifetime” crises is actually the most battle-tested set of future CEOs and policymakers we’ve got.
If you’ve ever wondered whether millennials are unlucky, misunderstood, or quietly reshaping the economy while everyone’s distracted by culture wars… this one’s for you.
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