Pity the poor millennials. Drowning in student debt, working at jobs with low pay and struggling to save for retirement—when they think about retirement, that is.
And there’s a good reason for that: millennials are making 20 percent less than boomers did at their age—and that’s despite the fact that they’re also better educated than boomers were when they were younger.
CNBC reported that, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles, millennials’ median household income is just $40,581.
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