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Boomers vs. millennials: The financial gap between generations

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 12: When it comes to finances, millennials have it rough. Data shows that members of this generation — people born in 1981 to 1997 — are saddled with student loan debt, delaying major milestones such as homeownership and less financially secure than their parents, the baby boomers. They might now be on the verge of becoming the largest generation, but are millennials really worse off than boomers were when they were young adults? Here’s a look at the financial differences between the two generations. Click through to see the real reason your millennial child is making you broke.

The Financial Gap Between Generations

When it comes to finances, millennials have it rough. Data shows that members of this generation — people born in 1981 to 1997 — are saddled with student loan debt, delaying major milestones such as homeownership and less financially secure than their parents, the baby boomers.

They might now be on the verge of becoming the largest generation, but are millennials really worse off than boomers were when they were young adults? Here’s a look at the financial differences between the two generations.

Click through to see the real reason your millennial child is making you broke.

© Zinkevych / Getty Images/iStockphoto

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