Do you think that millennials will be able to get out of this mess or will this trend continue?
A growing number of people are feeling the squeeze. Debt is compounding every day and wages haven’t kept up. Real estate, rents, electricity, and food are all rising yet wages stand still. Many Americans are unable to cope with the pressure and have actually left their hometown, gone to different cities, states, and even completely out of the country. Let’s take a closer look.
They fled the country to escape their student debt
www.cnbc.com/2019/05/25/they-fled-the-country-to-escape-their-student-debt.html
Salary Trends Through Salary Survey: A Historical Perspective on Starting Salaries for New College Graduates
The richest 10% of households now represent 70% of all U.S. wealth – MarketWatch
www.marketwatch.com/story/the-richest-10-of-households-now-represent-70-of-all-us-wealth-2019-05-24
wage_growth_real_wage__1_.jpg (1720×1720)
For most Americans, real wages have barely budged for decades | Pew Research Center
For most Americans, real wages have barely budged for decades | Pew Research Center
2019017pap.pdf
www.federalreserve.gov/econres/feds/files/2019017pap.pdf
The average millennial has an average net worth of $8,000. That’s far less than previous generations. – SFGate
www.sfgate.com/business/article/The-average-millennial-has-an-average-net-worth-13909188.php
Healthcare Costs Top Financial Problem for U.S. Families