Millennials are poorer than previous generations

Millennials Are Poorer

Each generation has their standards of living. Millennials aren’t an exception. Even though their economic situation is discussed aloud as the most challenging, there are some reasons for this. University loans and the coinciding debts (especially in USA), the outcomes of the latest recession, higher expenses towards housing and living costs, excessively competitive job marke ts, etc. don’t make their life easier.

Let’s take a closer look at the financial situation of millennials .  

The fundamentals

Millennials are people between 18 and 35 years old, also known as generation Y. It’s the largest and most powerful consumer generation (1.8 billion) surpassing Baby Boomers (1.1 billion). These young adults have totally different habits of buying, spending, and saving.

This generation grew...

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