When you hear the phrase “one-percenter,” what do you imagine?
If you’re like most people, a suited, silver-haired Wall Streeter probably comes to mind. But research newly compiled by media company Fusion reminds us that income inequality certainly isn’t unique to the Boomer generation.
In fact, it may actually be worse among Millennials.
Comparing U.S. Census income data among 18- to 34-year-olds in 2014, Fusion found that it takes earnings of about $129,000 per year to make into the Millennial 1% set, in which there are 720,000 young adults.Read more in LearnVest.
Thanks, +Andrea Sparrey
