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<blockquote data-quote="Son of Butch" data-source="post: 1690617" data-attributes="member: 14585"><p>From a Business Insider article.</p><p>Millennials 25-40 are projected to have 18% lower standard of living than their parents.</p><p></p><p>Typical 40 yr old has $21,000 less in net assets and $16,000 more in debt than the average baby boomer had at age 40. In addition on average,</p><p>in adjusted dollars, they earn 1.4% less than what boomers earned at same age.</p><p></p><p>Perhaps the parents of baby boomers did a better job of instilling the value of a dollar in their children than what boomers have done as parents for their children.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1690617, member: 14585"] From a Business Insider article. Millennials 25-40 are projected to have 18% lower standard of living than their parents. Typical 40 yr old has $21,000 less in net assets and $16,000 more in debt than the average baby boomer had at age 40. In addition on average, in adjusted dollars, they earn 1.4% less than what boomers earned at same age. Perhaps the parents of baby boomers did a better job of instilling the value of a dollar in their children than what boomers have done as parents for their children. [/QUOTE]
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