Even millennials with good jobs end up diverting much of their income to student loan repayment, rather than investing in the stock market or buying a home. (Photo: Shutterstock)
Millennials are way behind previous generations on a number of key financial metrics. Those born between 1981 and 1996 are burdened by significant student loan debt and the fact that many of them spent their first working years in the midst of an economic downturn.
Millennials are way behind the two preceding generations –– Generation X and baby boomers –– on several key financial metrics, according to an analysis by the Wall Street Journal. Their wages are lower, they have less money saved and they are less likely to own homes than their parents were at the same age.
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