Millennials in the UK: Economic Scars and Missing Funds

Whoopi Goldberg's claim that millennials' financial problems are due to their work ethic is contradicted by new research showing that millennials in the UK are worse off than their parents, still bearing the "economic scars" of the 2008 financial crisis. The Resolution Foundation's annual intergenerational audit reveals that millennials born in the late 1980s earned 8% less at age 30 than the previous generation did at the same age. However, American millennials are faring better, with incomes 21% higher in 2021 than in 2007. Despite this, homeownership remains a challenge for many millennials due to the real estate market outpacing wage growth.