Recovery for Whom? from the Editorial Board of the New York Times
A big excerpt is in order here!
"The official line is clear: The worst is over, and recovery has given way to expansion. But that’s not the whole story. Economic gains so far have mostly benefited those at the top of the income and wealth ladder. ... the so-called millennials, the generation born in the 1980s and 1990s. They are worse off than Gen Xers (born from the mid-1960s to the late-1970s) were at that age and the baby boomers before them by nearly every economic measure — employment, income, student loan indebtedness, mobility, homeownership and other hallmarks of “household formation,” like moving out on their own, getting married and having children. ... Another shocker is that those in the 25-to-34 age group are the best educated cohort in American history, with more than a third having a bachelor’s degree or higher."
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