Eric Karns

“A young male in his 30s today has an income, adjusted for inflation, that is 12 percent less than what his father was making 30 years ago.” Article here.

This is just sad. I remember when I was in 2nd grade, or somewhere around that age and the public schools administered a survey where they asked us if we thought we’d make more money than our parents when we were older. I learned later in a social studies course in college that these kinds of surveys were common and that the overwhelming majority of young students answered yes, they did expect to make more money than the previous generation. If this article is true, which it most likely is, I believe we are the first generation of American in over 100 years to actually earn less than their parents.