How The Younger Set Lives

Millennials are getting the raw end of the deal. Both state and national policies tend to favor the older and more affluent. Medicare costs often outweigh money paid in taxes by those who benefit, and programs that support higher education have been cut, leaving students with more debt. The millennials of our country have flat incomes and wealth is down.
What can be done about this issue? How do we insure financial safety for the youngest members of the workforce?  Not to be left behind, many of this set are finding their way into politics.  Maybe this will be the answer?

Economists Study Current Wealth

In a new study this month, economists from the Federal Reserve Bank of St. Louis examined whether Americans are now wealthier or poorer than previous generations were at their age.

What they found may surprise you.  People born before 1960 are in a better financial position than their predecessors while those born after 1980 are in a much worse situation.  This generation is facing an array of money drains, such as student debt, auto loans, and credit card balances making it almost impossible for them to gain wealth quickly enough to match previous generations.

Eighties Babies Are Officially the Brokest Generation, Federal Reserve Study Concludes