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Millennials Buck the Wealth Trend

Succeeding generations are usually better off than the cohort that preceded them; not this time
End of the Boom

The assumption that each generation will be better off than the one before them died in the financial crisis. Millennials in their early 30s earn 4 percent less on average than people born between 1966 and 1980 did at the same age and rates of home ownership have fallen, the Resolution Foundation found in ananalysis of eight high-income countries. The shift in fortunes has been particularly acute in the U.K., which may help explain the voter backlash that cost Prime Minister Theresa May her parliamentary majority last year.