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Boom Turns to Bust for Millennials Across Advanced Economies

  • Resolution Foundation says financial crisis hit income gains
  • Britain and Spain highlighted; Scandinavia makes progress
Bloomberg business news

Millennials, Don't Worry. You'll Be Able to Retire.

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The income boom enjoyed by people born between 1966 and 1980 has turned to “bust” for the generation that followed them, according to a report published Monday.

In an analysis of eight high-income countries, the Resolution Foundation think tank found that millennials in their early 30s have household incomes 4 percent lower on average than members of so-called Generation X at the same age.