You’ve heard, and likely are tired of hearing about, how Millennials are different from previous generations. However, this is the first piece I’ve seen that aims to compare their life experience in their 30’s to past generation’s life experience in their 30’s. It’s an interesting perspective focusing on the economic environments in which each generation started their careers in having the most impact on their current lifestyles.
In the mid-to-late-20th century, the American economy and culture were ripe for 30-year-old men, who — more than European and Japanese — typically landed well-paid careers, bought homes, and supported large families. But since then, getting ahead has become much harder.
What's going on:
Today, 30-year-old millennials are more likely to be still living with their parents and, while earning about the same or less than boomers, are typically saddled with... Read More >