Originally published on February 1st, 2017.
Picture is credited to thestorefront.com.
Article is property of Colocation America.
We’re Out of Funds
Millennials in the US are earning 20 percent less than baby boomers did at this time in their lives. I’m not qualified to give an in depth hypotheses to why this is, but I would guess that a lot of it has to do with things like student debt, cost of living increases, and just the tattered state of the economy and the market all together.
This is a problem that has no good answers, and no matter how much baby boomers and responsible Generation X-ers want to blame our irresponsible spending and lack of respect, we can’t take all of the blame. In fact, Millennials are actually pretty good with money, studies show.
As important as things like college are, we can barely afford it. And it’s rare to get into a high paying job or important management position without a degree—most well known entrepreneurs have MBAs, and not all of us are even afforded that chance! It just is not as simple as it sounds.
This is one point of three. Read the rest here!