Millennials Are Making Less Money Than Baby Boomers At Their Age.<br />A new report says the age group is earning 20 percent less than the generation before them.<br />The analysis was written by think tank New America.<br />It is titled 'The Emerging Millennial Wealth Gap.'.<br />The smaller earnings come despite millennials being more educated than baby boomers.<br />According to the report, nearly 40 percent have a bachelor's degree.<br />For boomers, just 25 percent have obtained that level of schooling.<br />Millennials are going to be on a completely lower trajectory than previous generations.<br />Instances such as the Great Recession during the late 2000s and 2010s have led to this outcome.<br />Around these times, job opportunities were more scarce and wages were stagnant. .<br />At the same there were high tuition costs for college, leaving many with student loans and a lot of debt.<br />The drop in income between generations has led to fewer millennials buying homes and starting families.<br />There’s just less available to do everything else with, including build wealth and save
