https://www.zerohedge.com/news/2018-05- ... generationThe report suggested that millennials (born between 1981 and 1996) not be just broke, they are at most significant risk of becoming a “lost generation” regarding wealth accumulation. Coming of age post-GFC has been difficult. Many millennials are stuck in the “gig economy” with stagnating wages. On top of that, this avocado toast generation is fighting against a rapid surge in living costs coupled with mounting debt on their books via auto loans, credit cards, short-term loans, and student debt.
The net worth of a typical millennial household born in the 1980s is about 34 percent below what was expected, the report stated.
A Lost Generation?…Fed economists determined that millennial households lost even more financial ground between 2010 and 2016, falling farther down the economic hellhole and behind the typical wealth life cycle.
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Yep. They are a lost cause.
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