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Experts say those feeling the pain of the financial crisis the most are millennials. The generation has missed major milestones that past generations enjoyed in their 30’s and 40’s as a result of dealing with two major financial crises over the past decade.However, it may not be all gloom and doom for millennials. The economic cycles the generation has experienced early on could lead them to understand the economy and markets better, potentially leveraging that to greater future gains.Many millennials graduated and entered the workforce during the 2008 Great Recession. They were just hitting their prime, and then, this pandemic and a second major financial crisis hit.“It just feels not only like we can’t catch a break, but we can’t even get started without something coming along and taking away a lot of what we worked for,” said Erin Lowry.Erin Lowry is an author and wrote the books “Broke Millennial” and “Broke Millennial Takes on Investing”.“The big thing to consider for your financial future is this will be temporary,” said Lowry. "We are going to get through this just like we got through ’08.”Surveys conducted by the Urban Institute show at least 1 in 3 millennials are struggling financially right now, and millennials as a whole have less acclimated wealth at this stage in life than the prior generation. To change that, even during this recession, Lowry believes there are a few key things millennials can do.“You do want to think about doing, and I hesitate to say it like this, but the least damage currently,” said Lowry.She recommends minimizing the amount of debt you may need to take on to get through this economic downturn. Also, protect your credit scores as much as possible by making on-time payments.Pay the minimum if needed or contact your lenders to work out agreements that will not show missed payments on your credit report. In the future, you’ll want a healthy credit score to be able to qualify for mortgage loans or auto loans at a lower interest rate.Lastly, try to still contribute to your retirement plan even if it’s a little bit. If you are in a position where every penny counts right now, think about a time in the near future when you can start to again invest. That is important because, historically, the market will rebound.To recover on a better financial footing, you want to buy when the market is low, or down, and reap the gains as the economy recovers.“After 2008, we went on to have one of the longest bull runs in stock market history,” said Lowry. "We don’t know what is going to happen after the coronavirus recession, but you don’t want to miss out on potentially huge returns.”The possible advantage of going through two recessions early in life may be a better understanding of the economy and a stronger desire to understand the market, along with learning how to use the downturn as an opportunity for future gains. 2896
FAIRFIELD, Calif. – Police officers in Northern California stepped up to help some children cool off on a hot summer day.The Fairfield Police Department says some of its officers were responding to an area apartment complex when they noticed several kids playing outside in the heat.Unfortunately, police say the youngsters weren’t able to enjoy the community’s pool because of COVID-19 restrictions.Seeing this was no way to spend a hot summer afternoon, police say they came up with a plan to use their own money to purchase dozens of water guns and buckets of water balloons for the kids.When police returned, a water fight began, and the officers got in on the fun.“The ensuing water fight left a lot of soaked uniforms and plenty of smiling faces,” wrote police.The department posted video and photos of the interaction on social media, saying that their community is stronger together.“Transparency and trust in our community with regards to how we protect and serve you is our top priority – we understand that the more we are able to open our doors to you on all levels, the more we can connect, communicate, and work together,” wrote the department. 1166

Facebook CEO Mark Zuckerberg has arrived on Capitol Hill. What happens next could be big.Zuckerberg will spend two days answering lawmakers' questions about the powerful social network he helped create more than a decade ago, and whether the company is doing enough to protect users' privacy.It's the first time Zuckerberg will personally sit for questions from Congress, instead of sending a deputy. 408
Ethan Couch, known for his "affluenza" defense in his deadly drunk driving case, was released from a Texas jail Monday after serving nearly two years behind bars for violating his probation.Couch, 20, first made headlines as a teenager when he was sentenced to probation for a drunken driving crash that killed four people and seriously injured two others.Prosecutors in that 2013 case sought 20 years in jail, but Couch received no prison time after a psychologist testified that Couch was a victim of "affluenza," a product of wealthy, privileged parents who never set limits for him.The decision by the juvenile court judge to put him on probation for 10 years outraged victims' families and anti-drunk driving advocates.In 2015, Couch violated the terms of his probation and fled to Mexico with his mother, Tonya Couch. They were found and sent back to the US, where a Texas judge ordered nearly two years of jail time for Couch.Mothers Against Drunk Driving described the two years Couch has spent in jail as "a grave injustice to the victims and their families.""The 720 days Ethan Couch served for his crimes shows that drunk driving homicides still aren't treated as the violent crimes that they are," the organization said in a statement. It vowed to keep monitoring the case because it "brought to light that there is so much more work to be done to hold drunk drivers accountable."As part of Couch's current probation, he will be required to wear an ankle monitor, an alcohol detecting patch, submit to drug testing, abide by a 9 p.m. curfew and have a video interlock ignition device installed in his vehicle, according to Mike Simonds of the Tarrant County Sheriff's Office.Couch's mother is currently facing charges of money laundering and hindering apprehension of a felon for helping her son flee to Mexico. Tonya Couch recently had her bond revoked after failing a drug test and is behind bars in the Tarrant County Jail, the sheriff's office said last week. 1983
ESCONDIDO, Calif (KGTV) -- A Palomar Water delivery man is being credited for saving the life of an elderly woman who fell and couldn't get up to call for help. On Monday, Marco Perea showed up to deliver water for his 88-year-old customer in Escondido. When he knocked on her door, he could hear her, but she wouldn't come to the door. After several attempts to get her to open the door, she was able to tell him that she'd fall on Sunday afternoon and hadn't been able to get up since then. Perea called 911 and paramedics and firefighters were able to make entry into the apartment. The woman was rushed to the hospital. Perea says the woman does have a caregiver, but only from Monday through Fridays. The woman's condition is still unknown. 755
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