Who makes minimum wage?
Perhaps surprisingly, not very many people earn minimum wage, and they make up a smaller share of the workforce than they used to.
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Perhaps surprisingly, not very many people earn minimum wage, and they make up a smaller share of the workforce than they used to.
For the first time in nearly two decades, immigrants do not account for the majority of Hispanic workers in the United States. And most of the job gains made by Hispanics during the economic recovery have gone to U.S.-born workers.
More people are having trouble keeping up with their student-loan payments than in years past, several studies show.
A record 37% of young households had outstanding student loans in 2010 and a median student debt of $13,000.
Student debt burdens are weighing on the economic fortunes of today’s young adults. Among the college-educated, those with outstanding student debt are lagging far behind those who are debt free in terms of household wealth.
When asked about the future prospects of “children today,” Americans generally said that when today’s kids grow up, they would be worse off financially than their parents. While this is a pretty glum judgment about what lies ahead for today’s children, Americans’ optimism resurfaces when people are asked about their own kids.
How people’s incomes and jobs as adults compare with the households they grew up in.
Key takeaways from the Pew Research Center survey, “Millennials in Adulthood.”
Outstanding household debt increased $241 billion during last October-December, the biggest quarterly jump since 2007.
For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer.
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