Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Millennials have now dealt with two major recessions before the age of 40, and it's likely to make them more conservative investors than their parents were. Just as this generation recovered from the Great Recession and began to buy homes and start families, the pandemic hit.