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> "It's taking longer to launch, there is some more debt, but in the long run, millennials are actually doing better than Generation X and baby boomers," says K
by nitwit005 11mo ago
> "It's taking longer to launch, there is some more debt, but in the long run, millennials are actually doing better than Generation X and baby boomers," says Kevin Corinth, a senior fellow and deputy director of the Center for Opportunity and Social Mobility at the American Enterprise Institute and one of the paper's authors. "It's just taking them a longer time."
Not exactly the most persuasive arguement.
The most common complaint I've seen online is how far behind their parents people are. You can find meme images comparing their parents owning a home and having two kids, to them stuck in their parent's basement.
- e40 11mo agoAnd we know, from simple math, the longer you wait to save for retirement the worse, much worse, the outcome. Compound interest is harsh if you don’t start early enough.