Jeanna Smialek, who covers the U.S. economy for The Times, will be 33 in a few weeks; she is part of a cohort born in 1990 and 1991 that makes up the peak of America’s population.

At every life stage, that microgeneration has stretched a system that was often too small to accommodate it, leaving its members — so-called peak millennials — with outsize economic power but also a fight to get ahead.

Guest: Jeanna Smialek, a U.S. economy correspondent for The New York Times.

Background reading: 

• When millennials gripe that they get blamed for everything, the accusers might actually be onto something.
• Millennials have the children, but boomers have the houses.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.