May 8 (Bloomberg) — In spite of — or thanks to — the worst recession in the post-World War II era, the kids are alright, conclude economists at the Federal Reserve.

Compared with young adults from the generation prior, so- called Millennials in 2010 were more likely to own homes and retirement accounts and have bank deposits, according to research published this month by Lisa Dettling and Joanna Hsu, economists at the Fed in Washington. With the exception of student debt, liabilities are down for today’s young adults.

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