Millennials born in 1980s may never recover from the Great Recession By Tami Luhby

Some Millennials may never get over the Great Recession.

The net worth of a typical family headed by someone born in the 1980s was 34% below what was expected, according to a new Federal Reserve Bank of St. Louis study titled "A Lost Generation?"

What's worse, the typical 1980s family lost ground between 2010 and 2016, after the recession ended. These folks, who were in their late 20s and early to mid 30s in 2016, were the only age group to do so out of the six cohorts studied.

"This represents a missed opportunity because asset appreciation is unlikely to be as rapid in the near future as it was during the recent period," said the report, which was based on the Federal Reserve's 2016 Survey of Consumer Finances.

Those born in the 1980s were not the only group to fare worse than...