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68% of millennials earn more than their parents, but boomers had it better

  • Written by Peter Siminski, Professor of Economics, University of Technology Sydney
68% of millennials earn more than their parents, but boomers had it betterfongbeerredhot/Shutterstock

A lot of us are pessimistic about our children’s future. According to the most recent data from the Pew Global Attitudes Survey (in 2019), just 29% of Australians believe today’s children will be better off financially than their parents.

Such pessimism is common in many developed nations. In Japan, just 13%...

Read more: 68% of millennials earn more than their parents, but boomers had it better

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