5 charts highlighting the epic housing crisis for Millennials – one third of young adults living at home with parents.
Millennials are starting to realize that living at home may be a longer-term proposition. Moving back home is being motivated by heavy levels of student debt and jobs that simply pay a lower wage. These trends run directly into the current reality that rental prices are soaring and home values are once again near peak […]
Millennials are worse off than their parents: Millennials earn 20% less than baby boomers at same stage in life.
It is now official that Millennials are worse off than their parents. The Federal Reserve released a study showing that Millennials are as broke as we suspected. According to the figures released Millennials earn 20% less than baby boomers did at the same stage in life. This is a major reason why so many Millennials […]
The Millennial Conundrum: Millennials are bogged down by massive student debt and confiscatory housing prices.
Millennials are a critical group in terms of where the economy goes in the next few years. The economy largely relies on younger people to spend and purchase consumption items. Think of a young couple buying their first home. That in itself is a big purchase. Then comes big ticket items like refrigerators, a family […]
Are Millennials as broke as the media says they are? The answer is a resounding yes for the following reasons.
If you type in “characteristics of the Millennial generation” into trusty Google you will find a list of interesting headlines. Some of the titles given to Millennials are: Generation Y, Generation WE, The Boomerang Generation, and The Peter Pan Generation. Part of this stems from the way many were raised by baby boomers who were […]
Half of Millennials live at home with parents: The economy still feels like it is in a deep recession for millions of Millennials.
The Great Recession officially ended in the summer of 2009. That was a long time ago. Yet somehow along the windy road, Millennials are not feeling the love from this so-called economic recovery. Millennials continue to graduate with mountains of student loan debt coming out with an average of $30,000 per graduate. Millennials are struggling […]