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The net wealth of millennials in the US today is only about half of what of their parents' generation, the boomers, had when they were the same age in 1989, according to Young Invincibles, a research and advocacy group.
In fact, the rate of business formation by Americans ages 20 to 34 has fallen sharply since 2010, and millennials aren't starting nearly as many new enterprises today as baby boomers were creating when they were the same age.
This is 5 percentage points higher than the number of Gen Xers who lived in their parents' home in 2000 when they were the same age.
And baby boomers are more likely to have children in the home than the previous generation when they were the same age".
Today's headlines are replete with stories of Millennials who are postponing getting married, starting a family or buying their first home home ownership for Millennials stands at 37%, compared to 45% of Boomers and Gen-Xers when they were the same age.
Members of the HuffPost Parents community shared photos of their kids, paired with images of themselves when they were the same age -- and they have us doing double takes.
Similar(48)
They're the same age.
When we were the same age as our children we did not have the same level of knowledge.
My parents, who were the same age as the Jenningses when they emigrated, based their decisions on the same premise.
"Chris Simms and I were the same age when our dads played for the Giants," Burt said.
Now we were the same age.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com