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Reply to "American dream is dead: data clear shows how younger generations after Boomers have it worse"
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[quote=Anonymous][quote=Anonymous]Sorry try again http://www.tbsnews.net/analysis/millennials-are-running-out-time-build-wealth-257773[/quote] In the article [i]Going to college was more important for today's 40-year-olds. Millennials with bachelor's degrees or higher earn 113% more than what they would have earned with only a high-school diploma. But college-educated Baby Boomers made only 57% more than their peers with high school degrees.[/i] So where did those non-college educated boomers work? Many in manufacturing where they got union wages. example: boomer worked in heavy or light industry or made furniture or textiles in a factory. Those jobs don't exist anymore in the USA so the equivalent non college educated person now might get a job in the expanded restaurant or retail sector in a store or distribution center. Contraction of higher paying jobs and massive expansion of lower paying jobs. There are also categories of expenses that the average boomer entered zero $ from stuff like nail salons to cleaning services to lawn services for small plots. A boomer could scrape their way through college in STEM and get a decent job. Now there are over 500k jobs in the USA really not available to millennials. Globalism didn't work out so well for many.[/quote]
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