5 Ways The Economy Is Stacked Against Young People
Today’s rising generation earns 20 percent less than their parents did at their age, despite being better educated and more productive. In fact, millennials are on track to become the first generation in modern American history to make less money than their parents did. The federal minimum wage, $7.25 an hour, is lower than the cost of living in every city in the country — and hasn’t gone up in 10 years. It’s hard to save when the money coming in doesn’t come close to covering the basics.