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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

ELIZABETH, N.J. -- Following the announcement of a New York state park in her name, iconic transgender civil rights activist Marsha P. Johnson will be honored in her hometown of Elizabeth, New Jersey.Johnson's family was joined by Union County Freeholders Sergio Granados, Rebecca Williams and LGBTQ+ advocates to announce the future site of a public monument on Freedom Trail in Johnson’s honor.The city said the monument is "anticipated to be the first public monument in the State of New Jersey to honor a LGBTQ+ person and transgender woman of color."Elizabeth also announced that they will be holding a series of events during LGBTQ History Month in October to "engage with the community and the public to participate in the planning and creating of the historic project."Johnson died in 1992 at age 46. She is considered a pioneer of the movement for the rights of transgender people, although the term transgender was not widely used during her lifetime.Some witness accounts say Johnson was a leader of the Stonewall rebellion of 1969.This story was originally published by Stephen M. Lepore at WPIX. 1116

Federal agents arrested two Mexican nationals and a Cleveland man after more than 140 pounds of methamphetamine was seized in Boston Heights — believed to be the largest seizure of meth in Ohio's history.Tyrone Rogers, 36, of Cleveland, Hector Manuel Ramos-Nevarez, 26, and Gilbert Treviso-Garcia, 24, both of Mexico, have been charged with conspiracy to possess with the intent to distribute methamphetamine.Investigators seized 82 pounds of crystal meth and 60 pounds of liquid meth from a warehouse near the in Boston Heights, a city with a population of 1,300, located in suburban Cleveland."It's incredibly dangerous," said U.S. Attorney Justin Herdman. "Narcotics themselves are dangerous, but also keep in mind, those narcotics were there to be processed.Rogers picked up Nevarez and Treviso at La Quinta Inn in Macedonia, Ohio last month, according to authorities.According to the Department of Justice, Rogers drove the two men several times between a house in Aurora and a nearby warehouse.The warehouse where the drugs were seized appeared to be used as a processing facility to produce, package and distribute the drugs, according to the authorities.Investigators listened to several phone conversations about who had "broken into" the location. Rogers and others believed it was an inside person who robbed them, according to court documents.Investigators intercepted telephone calls in which Rogers got the "green light" (believed to from his Mexican supplier to kill the person Rogers believed stole his drugs."It's very concerning and it illustrates what we already know, which is that drug trafficking organizations tend to be violent, that people will use violence and the threat of violence in order to make a profit," Herdman said. 1764

ESCONDIDO, Calif. (KGTV) — Escondido Police say they've arrested one person in connection with a fatal collision that left four people dead last month.Police obtained an arrest warrant for 28-year-old Ashley Rene Williams, of Escondido, on Thursday and took her into custody at her home. Williams has been charged with four counts of murder and gross vehicular manslaughter while intoxicated.Williams is accused of being behind the wheel of a 2014 Mazda 3 that struck and killed four people at San Pasqual Valley Rd. at Oak Hill Dr. just before 8:30 p.m. on May 5, police said.Police say Williams' vehicle was traveling northbound when it hit the group, which included a 33-year-old man, 11-year-old boy, 50-year-old woman, and 10-year-old boy. Police told 10News the boys are brothers and the female victim was their grandmother. The man was believed to have been dating the children's mother, according to police. A GoFundMe campaign for funeral expenses is currently running to help the family.Williams was hospitalized with minor injuries after the crash and initially, police told 10News that alcohol or drugs were not believed to have been a factor.The California Department of Motor Vehicles says Williams was driving on a suspended license during the crash. Her driver’s license was suspended on Feb. 18, 2020, for driving with excessive blood alcohol, according to the DMV. The agency added that she was also involved in a non-alcohol related crash on Dec. 16, 2019. 1483

EMERSON, Iowa — While many in Southwest Iowa saw the strongest of Friday's thunderstorm, one Emerson couple watched a funnel cloud spin from the cloud outside their home.Larry and Marlene Skalberg, who live right just east of Emerson, have lived in their house for 39 years. They've experienced storms throughout the years but never saw one up close like Friday's storm that created a funnel cloud right outside their front door. "It was just neat to watch it and how it formed and then how it started to get smaller and then it just disappeared," said Marlene. Marlene said she got an alert on her phone about a tornado warning that advised people in the area to take cover, as northeastern Mills County was under tornado warning for part of the afternoon. She started heading towards the basement, but her husband Larry grabbed a chair, a beer and headed for the front lawn."He was like, 'look! A tornado! Go out on the lawn and take pictures!' So there I am out on the lawn just taking pictures and I'm like, 'what if the tail just comes down and takes?' " said Marlene.Larry wasn't worried. He said he enjoys watching storms brew and has experienced several tornadoes in Iowa, Oklahoma and Kansas. "I like to watch storms coming in and the clouds forming. I always have since I was a little kid," said Larry. "I enjoy storms. But if the funnel cloud had touched the hill...well that's a different story." 1436