Millennials earn 20% less than Boomers did at same stage of life
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Re: Millennials earn 20% less than Boomers did at same stage of life
#2Millennials prioritize entertainment and free time more than boomers as well. Millennials also start families later in life.
These are the values boomers taught that money doesn't buy happiness. So this is not really shocking to see that they are not in the same place monetarily.
I would view this is at least some measure of success. The boomers were able to teach a value system they believed was better than their life.
Re: Millennials earn 20% less than Boomers did at same stage of life
#3Millennials prioritize entertainment and free time more than boomers as well. Millennials also start families later in life. These are the values boomers taught that money doesn't buy happiness. So this is not really shocking to see that they are not in the same place monetarily. I would view this is at least some measure of success. The boomers were able to teach a value system they believed was better than their li…
Anecdotally, most millenials I know who are waiting to start a family are doing it because they can't afford to, not by chose.
Re: Millennials earn 20% less than Boomers did at same stage of life
#4Millennials prioritize entertainment and free time more than boomers as well. Millennials also start families later in life. These are the values boomers taught that money doesn't buy happiness. So this is not really shocking to see that they are not in the same place monetarily. I would view this is at least some measure of success. The boomers were able to teach a value system they believed was better than their li…
Millennial are choosing to be lonely, poor, and own no house and car. They are choosing to be more anxious and depressed.
Re: Millennials earn 20% less than Boomers did at same stage of life
#5Millennials prioritize entertainment and free time more than boomers as well. Millennials also start families later in life. These are the values boomers taught that money doesn't buy happiness. So this is not really shocking to see that they are not in the same place monetarily. I would view this is at least some measure of success. The boomers were able to teach a value system they believed was better than their li…
Millennial are choosing to be lonely, poor, and own no house and car. They are choosing to be more anxious and depressed.
What a peculiar thing to say.
Re: Millennials earn 20% less than Boomers did at same stage of life
#6Millennials prioritize entertainment and free time more than boomers as well. Millennials also start families later in life. These are the values boomers taught that money doesn't buy happiness. So this is not really shocking to see that they are not in the same place monetarily. I would view this is at least some measure of success. The boomers were able to teach a value system they believed was better than their li…
It's not exactly by choice. Most millenials (myself included) would love to be in better financial condition. But we carry more debt and make less money than our parents did despite being better educated.
We emphasize entertainment and free time because it's all we have left in otherwise dreary economic circumstances.
Re: Millennials earn 20% less than Boomers did at same stage of life
#7More people go to college today so we're 4 years later into the labor force.
This will only mean something when we hit prime working age for millennials. Let's see the numbers then.
Re: Millennials earn 20% less than Boomers did at same stage of life
#8Re: Millennials earn 20% less than Boomers did at same stage of life
#9Oh noes. Millennials.
Re: Millennials earn 20% less than Boomers did at same stage of life
#10Did they control for education attained and area of study in college/university?