Our education costs are much higher. Our earning power is lesser due to wages not matching inflation. And housing costs are a much much larger portion of our income than it was at the same time for your generation.
Your generation holds more comparative wealth than your parents did and much more …
Our education costs are much higher. Our earning power is lesser due to wages not matching inflation. And housing costs are a much much larger portion of our income than it was at the same time for your generation.
Your generation holds more comparative wealth than your parents did and much more at the wealth at our age than we do.
Those are facts.
Disregarding that is a problem.
“ Even though the US economy is growing -- according to a recent CNN poll, 76% of Americans think it's doing better than it has in decades -- not everyone is prospering. Millennials are on track to be the first generation not to exceed their parents in terms of job status or income, studies show.”
No it’s not the same as it was in your 30s.
Our education costs are much higher. Our earning power is lesser due to wages not matching inflation. And housing costs are a much much larger portion of our income than it was at the same time for your generation.
Your generation holds more comparative wealth than your parents did and much more at the wealth at our age than we do.
Those are facts.
Disregarding that is a problem.
“ Even though the US economy is growing -- according to a recent CNN poll, 76% of Americans think it's doing better than it has in decades -- not everyone is prospering. Millennials are on track to be the first generation not to exceed their parents in terms of job status or income, studies show.”
https://amp.cnn.com/cnn/2020/01/11/politics/millennials-income-stalled-upward-mobility-us
https://www.nasdaq.com/articles/more-than-half-of-us-wealth-belongs-to-baby-boomers:-will-other-generations-catch-up#:~:text=Breakdown%20of%20Wealth%20by%20Generation&text=Here's%20what%20they%20found%3A,Generation%3A%20%2418.6%20trillion%20(11.9%25)
https://www.thetitlereport.com/Articles/Redfin-Gap-widens-between-baby-boomer-and-millenni-90419.aspx