Are We Making More Money Thans Our Parents Did? [Headlines]
Women are making more money then their mothers did, while men are making less than their fathers.
Are young people better off than their parents? At least when it comes to income, the answer depends on gender.
Today’s young women make $1.17 for every $1 their moms earned back in 1980. Young men, however, are earning 10 cents per dollar less than their fathers did 30 years ago, new research shows.
The study, compiled by the non-profit Young Invincibles and the think tank, Demos, looked at wage data for 25- to 34-year-olds in 2010 and compared it to the wages of that same age group in 1980. CNN Money