Millennials in the US are earning 20 % less than their parents at their age , despite having been better educated , according to new data from The Invincibles . Its deputy research director , Tom Smith , warns millennials are being set back significantly which is leading to major generational declines and notes that this is particularly true since " millennials make up the greatest proportion of the workforce and the largest generation in America , so in many ways the situation facing young adults today reflects 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 Young Invincibles. Its deputy research director, Tom Allison, 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 today forecasts the financial challenges ahead for the nation”.