Here's how much millennials earn, compared to what their parents made at the same age. (via CNBCMakeIt)
One group of young workers in particular is earning even less than others: those without a bachelor's degree.
Millennials with at least a bachelor's degree earned $56,000 in 2018, about the same as what college-educated Gen-Xers earned at the same age in 2001 and slightly more than what college-educated boomers earned."The growing gap by education is even more apparent when looking at annual household In 2018, households headed by millennials with a bachelor's degree or more earned about $105,000. Households headed by millennials with some college made $62,000, a difference of $43,000. And households headed by high school graduates earned about $49,000, a difference of $56,000.
As Pew's chart shows, the older the generation, the smaller the education gap in household income. Click on the chart to enlarge.. As a result, compared with earlier generations, more millennials have student loans. "The share of young adult households with any student debt doubled from 1998 to 2016 ," Pew reports.
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