Ledesma, who has four-year degree, earns $18,000 making pizza at Classic Slice restaurant in Milwaukee.
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SOUTH MILWAUKEE, Wisconsin: Baby Boomers: your millennial children are worse off than you. With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.Millennials have half the net worth of boomers.The generational gap is a central dilemma for the incoming presidency of Donald Trump, who essentially pledged a return to the prosperity of post-World War II America. The analysis also hints at the issues of culture and identity that divided many voters, showing that white millennials – who still earn much more than their blacks and Latino peers – have seen their incomes plummet the most relative to boomers.The home ownership rate for this age group dipped to 43 percent from 46 percent in 1989, although the rate has improved for millennials with a college degree relative to boomers.The median net worth of millennials is $10,090, 56 percent less than it was for boomers.
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