Millennials Will be the First Generation to Earn Less Than Their Parents

More bad news for millennials. New research suggests that they could become the first generation to earn less than their predecessors. The UK-based study by the Resolution Foundation found that people under 35 earned £8,000 less in their twenties than the previous generation. Part of the launch of a new Intergenerational Commission, the report warns of the “growing divide between a more prosperous older generation and a struggling younger generation.”