Nominal wages grew 2.8 percent over the past year, barely keeping pace with rising prices, while the challenges facing younger workers continue to mount. While real wage growth remains elusive for all workers, millennial workers—many well into their careers—have still never experienced robust wage growth directly. Another rate hike from the Fed last month will raise student loan payments for some millennials and put homeownership further out of reach for many more.
This jobs day we see yet again that the promise of the American dream has been broken for the Millennial generation. Millennials went to college and took on debt, and while they’re now more able to find jobs, wages have not risen at a rate sufficient to give them economic stability. For too many, incomes are not enough to pay off crushing student loans.
Millennials, who today are 18 to 34 years old, make 43 percent less than what Gen Xers made in 1995—when they were under 35 years old—suggesting that labor market conditions still have some slack, despite low unemployment and gross domestic product growth.
https://www.americanprogress.org/is...r-market-pre-september-2018-jobs-day-release/
This jobs day we see yet again that the promise of the American dream has been broken for the Millennial generation. Millennials went to college and took on debt, and while they’re now more able to find jobs, wages have not risen at a rate sufficient to give them economic stability. For too many, incomes are not enough to pay off crushing student loans.
Millennials, who today are 18 to 34 years old, make 43 percent less than what Gen Xers made in 1995—when they were under 35 years old—suggesting that labor market conditions still have some slack, despite low unemployment and gross domestic product growth.
https://www.americanprogress.org/is...r-market-pre-september-2018-jobs-day-release/
