Standard of Living Declines as Quality of Life Rises
Most of the Baby Boomer generation agrees that their children will not be as well of as they are. Many cite the increasing cost of taxes and healthcare combined with stagnating wages in most careers. Experts are noting, however, that even though millennials are facing the financial problems, they still have a good quality of life. This generation puts value on more than just monetary value, placing merit in things such as career choice and life/work balance. Chris Metinko has more to say on this subject with Mainstreet here.