Despite being better educated, a new study says millennials aren't getting their bang for their buck.
The nonprofit New America published a report that found that the Great Recession was largely to blame in the generational wealth divide.
The report says 18- to 34-year-olds earn less than that age group in the 1980s and a “volatile” flow of income could be why, reports the New York Post.
Researchers point to freelance and contract work caused weakened access to employee benefits, and contributed to an overall decline in income.
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https://www.foxbusiness.com/money/millennials-are-earning-20-less-than-baby-boomers-at-the-same-age
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My millennial daughters are not only making more than I did at their age (I'm a boomer), they are making more than me now. That's what starting out with jobs on the other side of the bay after college did for them. Me? I chose to stay on the shore and apply my college education locally, for the sake of my children's growing up quality of life. No regrets. I am so happy that I could afford to pay for their colleges of their choice, and that they found high paying jobs. Will they ever appreciate it? Heck, who knows? If they read this, they know I'm talking about them.
ReplyDeleteThanks pappy we love you
DeleteBoth my boys were taught to work at a young age. One went to college, one took up a trade. Both are doing well and make as much, if not more than I did at their age. Both work for established companies, with the possibility for advancement and relocation, if they wish. Both worked jobs they didn't like until they found their current employment. It's all about desire and work ethics.
ReplyDeleteWhat do you expect when you take weird social justice classes and major in a " custom" major like some schools allow? My older son, a " millennial" ( he hates being called that( will make $100k this year..the other still in college has already been applying for good paying jobs.. they will both do much better than we did..and we are proud to have taught them the importance of hard work and doing your best...not to expect the "parcipatation " trophies most kids all get just for showing up. Real life doesn't work that way.
ReplyDeleteThe article is about the population as a whole. Individual performance varies wildly based on many factors.
ReplyDeleteGenerally, there are fewer opportunities for young people now. The economy was destroyed long ago by the Fed Bankers. They have the right to print money from nothing. This, there is no price discovery and can be no free markets.
The People need sound money with intrinsic value. We will not get it from the Fed or any other Central Banks in the world.
Thank you
Of course they are. Lazy , entitled POS. THEY ARE BRAINWASHED. For 12 years they were indoctrinated. Then they go to college and pay top dollar for a COMMUNIST education. Taught by American hating foreigners.
ReplyDeleteThe TRUMP economy. Wait until they have to pay for Trumps adding to the debt. That will show them
ReplyDeleteTrump doesn’t “add to the debt”
ReplyDeleteOur tax dollars only pay the interest on the Bonds which are all owned by the Federal Reserve Bank, BOJ, ECB, and PBOC.
Learn the truth about currency creation and sound money
Another increase in the minimum wage sounds necessary. I say $20 a hour by 2025.
ReplyDeleteThe budget he just passed added one trillion to the debt. What are you smoking 10:4. Where is your fiscal conservancy
ReplyDelete