People love to take shots at millennials, suggesting that they’re entitled and soft, but one thing is for sure – Millennials are worse off economically than Baby Boomers were at their age.
According to government data, the gap is historically high despite Millennials being more educated.
The median household income of Millennials is $40,581. When you adjust for inflation, this is 20% less than Baby Boomers earned at the same age. And, this is on top of the fact that Millennials have much higher student debt.