Millennials are earning 20% less than baby boomers at the same age

Approved ~~ MJM

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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