The average salary of a millennial

Aol. ^ | 03/08/2017 | Amelia Josephson

[ForYourChildren]

If you're a millennial, it probably won't shock you to learn that the average salary of a millennial today is an estimated 20% lower than the average salary that a baby boomer had at the same age (in real terms). What's more, today's millennials are deeper in debt than their parents were at their age. Let's take a closer look at the average salary of a millennial.

Millennial Earnings

Before we can explore the average salary of a millennial we'll have to define our terms. So who counts as a millennial? Depending on who you ask, some will say that those born between 1982 and 2004 count among the ranks of millennials. Others define millennials as those born between 1981 and 1997. Whatever the exact boundaries you choose, you'll notice that many millennials came of age during the Great Recession and have earned lower salaries as a result.

{..snip..}

[proust]

What’s the average skill set?

[ForYourChildren]

"Millennials lost a lot of ground due to the recession, when wages were depressed."

.. uh.. due to the OBAMA GREATER DEPRESSION

[ForYourChildren]

This is Obama’s GREATER DEPRESSION!

He owns it!

[ForYourChildren]

This also:

“Average Americans Can No Longer Afford Average New Cars”

http://www.freerepublic.com/focus/f-news/3570899/posts

[ForYourChildren]

The Pew Research Center found that “the household income of young adults with less than a bachelor’s degree has declined in real terms since 1984.”

[ForYourChildren]

“This issue of affordability isn’t just about the price of cars. It’s about the stagnation of wages,” Bell said. “Car costs are not rising all that quickly over time, but things like health care and college costs are going up and wages aren’t [keeping up]. Budgets are being stretched.”

[LibWhacker]

It’s tempting to blame millennials themselves for dropping out of school at such a young age. BUT, look at what they were “taught.” Who in his right mind would stay in school and study that crap? I don’t blame millennials. I feel kind of sorry for them. I blame their so-called teachers. And us for allowing them to be hired.

[nopardons]

Yes, he does!

OTOH...never before, have so many managed to get college degrees in absolutely useless/meaningless majors. No wonder they can't manage to get a decent paying job/any job.

[Moonman62]

The political establishment’s war on the middle class is a big success.

[The Toll]

Be a plumber. No debt and charge all the retarded millennials an arm and a leg to take a dump. The World is going to need men something awful.

[dragnet2]

Illegals took over labor intensive jobs in CA because they’ll work less than everyone else. Same with construction, warehousing, landscaping, and on and on....

Same old story...

[Purdue77]

The quandary many millennials faced is that they knew they needed a degree to boost their earnings but they couldn't get a degree without taking on massive amounts of debt.

What a load of crap. No one needed to take on a massive amount of debt to get a degree. They chose to do so in order to feed their desire and not their need.

[DoughtyOne]

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Just $877.00 dollars and cents to 95.00%

[a fool in paradise]

>>you’ll notice that many millennials came of age during the Great Recession and have earned lower salaries as a result.

Many baby boomers and Generation X (baby busters, who fell in between two baby booms) also earn lower salaries since the “Great” Recession.

How did the Rats’ housing crisis (orchestrated by the likes of Barney Frank and his boy toy, Jamie Gorelick, and others) pan out for the Party that created it? They took back Congress, that’s how it worked out.

[Wyrd bið ful aræd]

About the same, I would guess as, previous generations. I used to think millennials were lazy and ineffectual. But having observed millennials in the workplace for some years now, I'd say millennials in general work as hard as anyone. They're certainly more openly degenerate in their off-hours, and there is definitely a vocal cadre that are utterly lazy and pathetic (who are amplified by social media, etc.), but in terms of showing up for work and putting in their time, they're generally not bad.

But we're not living in market that favors American workers. International conglomerate corporations can afford now to offer Americans less because their are people in other countries willing to work for far less than that. As such, millennials are more cynical and have lower expectations -- for example, a huge percentage of millennials will never be able to own a house. Think of the optimism that America had under Reagan. All millennials have to look forward to is stagnating wages and dealing with a 20 trillion dollar national debt that they didn't create.

[roadcat]

Millennials have now surpassed baby boomers as the country's largest generation.

I didn't realize this. I thought there weren't going to be enough younger people to take care of us boomers. That's a relief to know someone will change our Depends.

[bigbob]

They all need to move to cities where there’s Uber and busses then, and that high speed rail to go visit mom and dad.

[kvanbrunt2]

there was the term “yuppies” for the young urban professionals that did their thing and maybe i was one that bought my house and rehabbed it in philly here. back in the late 90’s we used a term for some of the newbies who just didn’t seem to have everything together. didn’t have the chops to make a six figure salary in an urban environment that they wanted to live in. we called them “yuffies”. the young urban failures. these are them.

[roadcat]

“This issue of affordability isn’t just about the price of cars. It’s about the stagnation of wages,” Bell said.

Bell blames it on stagnating wages. It ain't the wages, it's the inflation! All brought about by overtaxation, government waste and overregulation. It's bad governing to blame here.