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Millennials Are Poorer Than Any Living Generation

Summary:
Debt data reveals the true cost of putting career before family. Millennials (born between 1981 and 1996) are in worse financial condition than any previous living generation, according to data published by the Wall Street Journal last month. Although highly educated, they are staying in school longer, making harmful personal financial choices, and taking longer to start families. The true cost of these decisions is starting to be recognized. Men and women in their 30s are not only having fewer children, they are also marrying later—or not at all. Millennials are marrying less than any previous generation. Many blame their financial condition for the lack of impetus to get married.  The Trumpet Millennials Are Poorer Than Any Living Generation Bloomberg  U.K. Millennials

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Debt data reveals the true cost of putting career before family.


Millennials (born between 1981 and 1996) are in worse financial condition than any previous living generation, according to data published by the Wall Street Journal last month. Although highly educated, they are staying in school longer, making harmful personal financial choices, and taking longer to start families. The true cost of these decisions is starting to be recognized.

Men and women in their 30s are not only having fewer children, they are also marrying later—or not at all. Millennials are marrying less than any previous generation. Many blame their financial condition for the lack of impetus to get married. 

The Trumpet



Bloomberg 

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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