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Don’t blame millennials for their financial woes
(By – Janet Nguyen, www.marketplace.org)
Despite attaining higher education levels than previous generations, millennials are earning significantly less money, according to the New York Times — and the future looks bleak. In 2000, 19.5 percent of 18- to 34-year-olds earned a bachelor’s degree, according to census data. That number grew nearly three percent between 2009 and 2013. But while this cohort has progressively become more educated, median income has decreased. It was $33,883 in 2009-2013 — a $3472 decrease from 2000, according to The Times. Read more…