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America's younger workers losing ground on income
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| Parent(s) |
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| Contributor | Servo |
| Last Edited | Servo Feb 27, 2006 12:58pm |
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| Category | News |
| Media | Website - Yahoo News |
| News Date | Monday, February 27, 2006 06:00:00 PM UTC0:0 |
| Description | In the race to get ahead economically, America's young workers are falling behind.
A new survey shows that median incomes fell for householders under 45, even as they rose for older ones, between 2001 and 2004.
Income fell 8 percent, adjusted for inflation, for those under 35 and 9 percent for those aged 35 to 44. The numbers add new weight to longstanding concerns about whether younger generations of Americans will achieve living standards that are better - or at least equal to - those of their parents.
"It's a scary question," says Carrie Brown, who runs the Blue Frog Bakery in Boston. She says that for now, at least, she's not keeping pace. And if she and her husband have children, she says she's not sure if her children will enjoy the same lifestyle she did while growing up. |
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