The Logical Leftist
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Proof Millennials are worse off than their parents
Posted
January 19, 2017
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4,767
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January 19, 2017
4,767
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11:00Now PlayingHelp us cover the political revolution
"Baby Boomers: your millennial children are worse off than you.
With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.
The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher."
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