Or so claims a new report out Thursday from researchers at Stanford University and other institutions, who examined everything from suicide rates to health to homeownership among millennials in their 20s and 30s.
Millennials who get only a high-school diploma earn far less than their counterparts in the Gen X and baby boomer cohorts at the same age. “The median earnings for 25-year-old millennial men who have high school degrees or less were $29,000 per year, which is about $2,600 dollars less than Gen Xers and nearly $10,000 less than baby boomers received at the same age,” according to the researchers’ inflation-adjusted analysis of U.S. Census data from 1975 to 2018.
This shocking statistic is part of what we know are a rapidly growing number of deaths of despair across the nation. Every day, about 130 people die from opioid overdoses, for example. And suicide rates rose in every single state but one from 1999 to 2016, the Washington Post reported.