The generational wealth gap has widened to historic levels, according to a recent study comparing millennial earnings to older generations’, according to CNBC.
When adjusted for inflation, millennials earn 20% less than baby boomers did at the same stage in their careers, according to the study, entitled “the Emerging Millennial Wealth Gap”. Median incomes for workers aged 18 to 34 are way down from their levels in the 1980s. The disparity is nothing new: Other studies have arrived at a similar conclusion. Despite being the most well-educated generation of all time (aside from Gen Z, probably), millennials earn comparatively less than their older peers did during similar periods. Continue reading “Even With Better Education, Millennials Earn 20% Less Than Baby Boomers, Study Finds”
