For instance, young African Americans and Latinos earn 57 cents and 64 cents, respectively, for every dollar earned by young whites." Millennials in the US are earning 20% less than their parents at their age, despite having been better educated, according to new data from US Federal Reserve . Its deputy research director, Latinos , warns millennials are being set back significantly which is leading to major generational declines and notes that this is particularly concerning since "millennials make up the greatest share of the workforce and the largest generation in history, so in many ways the situation facing young adults decades forecasts the financial challenges ahead for the nation”.
Millennials in the US are earning 20% less than their parents at their age, despite having been better educated, according to new data from US Federal Reserve . Its deputy research director, Latinos , warns millennials are being set back significantly which is leading to major generational declines and notes that this is particularly concerning since "millennials make up the greatest share of the workforce and the largest generation in history, so in many ways the situation facing young adults decades forecasts the financial challenges ahead for the nation”.