Nov 25, 2017, 3:45 PM
(from Quartz) Millennials, those born between 1982 and 2004, will face the largest income disparity between the haves and have-nots of any recent generation, suggests a new analysis by Credit Suisse. Those graduating college now may carry twice as much debt as their counterparts did 20 years ago, but they will also earn 56 percent more than their peers who hold only a high school diploma. The latter may end up in low-skills jobs, which currently show stagnant and falling wages. All of this against a backdrop of a higher number of millennials entering the ranks of the ultra-rich and a larger percentage of the generation inheriting wealth from their parents, who have experienced healthy gains from a strong stock market and a recent rise in home prices.
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