The One-Size-Fits-All Narrative of Your 20s Needs to Change
By Rainesford Stauffer
And the economy is not in our favor. Though we’re the largest part of the workforce, young Millennials own less than 5 percent of the wealth in the United States. When Baby Boomers were in their 20s, they controlled about 21 percent. According to the Economic Policy Institute, from 1979 to 2019, productivity rose 72 percent in the U.S. while hourly pay increased only roughly 17 percent. During the pandemic, young people have been unemployed at more than double the national average, and rates of uninsured young adults have risen, according to data from the Center for Law and Social Policy.
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