The Millennial Generation Falls Behind
As highlighted in the April 2014 issue of Trends, Americans on average have benefited from an extraordinary increase in wealth over the past five years as stocks have soared and home values have recovered. However, those benefits have accrued disproportionately to Boomers and Xers, as members of the Millennial generation have continued to suffer. What's driving this phenomenon? What is its impact on the economy? What, if anything, can be done about it? We'll show you.
As the housing market.....