February 17, 2019
NO ONE HAS IT HARDER THAN THEIR PARENTS DID:
Young adult households are earning more than most older Americans did at the same age (RICHARD FRY, 2/17/19, Pew)
After bottoming out in 2011, incomes are rising for American households - and those headed by a Millennial (someone age 22 to 37) now earn more than young adult households did at nearly any time in the past 50 years, according to a Pew Research Center analysis of new census data. [...]Incomes of households headed by 54- to 72-year-olds, Baby Boomers today, are at record levels, while those of current Generation X households (ages 38 to 53) are about the same as the peak earnings of similarly aged households in the past.
It's all just whingeing.
Posted by Orrin Judd at February 17, 2019 9:51 AM