Chart Of The Day

Young Broke

The young have it rough:

Mind you, these numbers aren’t just a snapshot of today’s economy, which has been notoriously dreadful for Millennials. Rather, they’re drawn from an analysis of the Panel Study of Income Dynamics data collected between 1968 and 2009. So in a sense, they’re a longterm assessment poverty through the American lifecycle. What they tell us, then, is that twenty and early thirty-somethings have lived financially wobbly lives in the U.S. for a very long time. Every generation has its horror stories about being young and poor.