More than half of millennials, or those born between 1981 and 1996, think that they will be millionaires at some point in their lives, according to a 2018 survey from TD Ameritrade. The reality could be a lot less pleasant, though, as a report from the Brookings Institution, first covered by The Economist, makes clear.
Millennials have certain advantages in the labor market over previous generations: They are better educated and have longer working lives. But they also have distinct disadvantages, Brookings reports. Their higher levels of education are accompanied by higher levels of debt, and much of the generation is still recovering from entering the workforce at the height of the Great Recession. READ MORE AT CNBC