Whoopi Goldberg blames millennials' work ethic for their money problems, but new research shows they still bear 'economic scars' from the Financial Crisis.

The article discusses the financial challenges faced by millennials, particularly in the context of comments made by actress Whoopi Goldberg regarding their work ethic. It highlights research from the Resolution Foundation indicating that U.K. millennials, defined as those born between 1981 and 2000, are economically worse off than previous generations, particularly due to the lasting effects of the 2008 financial crisis. In contrast, American millennials are reportedly beginning to recover, with incomes rising significantly since 2007, although homeownership remains a significant hurdle due to rising real estate prices outpacing wage growth. The article emphasizes that the decline in homeownership rates among millennials is not due to a lack of effort but rather economic conditions and market dynamics. [Extracted from the article]