source [ht: tm]
If the timing of one’s birth is an event of major consequence, then clearly Millennials drew the short straw. For those ages 25 to 34 in 2010 their real median household income was not materially higher than that of Boomers in 1990 and a full 11% below than Generation X in 2000, according to Census Bureau annual surveys.
What then will happen to these Millenials between now, during the Second Great Depression, and 2020 when they will be 35 to 44 years old? It doesn’t look pretty.