January 14, 2017

Millenials earning less than parents at their age

Christian Science Monitor - Using Federal Reserve data to compare 25- to 34-year-olds in 2013 with their counterparts from 1989, the advocacy group Young Invincibles found that, after adjusting for inflation, Millennials earn 20 percent less than baby boomers did at the same stage in life. They are also hampered by far higher rates of student debt and are less likely to own homes than previous generations were at their age.

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