New Statistics Show Just How Broke Millennials Actually Are

Email this to a friend


7 Disgusting Things Every Girl Does

If you’ve ever sat down to have a conversation with anyone a few decades older than you, there’s no doubt that you’ve had the inevitable conversation about just how inexpensive things used to be. You could get meals for a dollar, rent was negligible, and gas was….okay, well, gas was priced about the same, but that’s beside the point. These numbers made sense though because they corresponded with the much lower wages at the time. If we were to make 1980s money today with 2016 retail pricing, we’d be in real trouble.

As it turns out, that’s exactly what’s happening to Millennial workers. We’re not constantly talking about how thin we’re stretched financially because we like to complain or that we’re lazy and don’t want to work – it’s that Millennial wages are the same today as they were in the 1980’s. No joke. According to a new study by the Center for American Progress, 30-year-olds today make around the same as they would have in 1984. This is even more shocking when you take into account that Millennials today are 50% more likely to have a college degree and the economy is much better than it was in 1984 – 70% better.

In 1984, 30-year-olds could be expected to make an hourly wage of around $18.99, which with the much lower cost of living really isn’t too shabby. While this went up to $20.63 in 2004, we’re now right back where we started at an hourly rate of $19.32. Woof. So the next time you’re at brunch and that one friend absolutely insists on splitting the check by what you ordered, maybe cut her a bit of slack – I hear bottomless mimosas in the 1980s were a lot cheaper.

[via Jezebel]

Image via Shutterstock

The Recruitment Chair is a mid-level employee with a low-level salary and six-figure taste. She realizes her expectations far exceed reality, so she spends her days pinning away Loubs she pretends are in her physical closet instead of her virtual one. Her hobbies include lounging around in leggings and an oversized sweatshirt with a bottle of $14 wine while binge-watching episodes of Game of Thrones and Mad Men, as well as....well, that's really it.

More From The Recruitment Chair »

Email this to a friend


Log in or create an account to post a comment.

Click to Read Comments (11)