Skip to content
Search AI Powered

Latest Stories

Millenials, Gen Xers, and Baby Boomers Are Not All Created Equal According To Your State's Salary Breakdown

Millenials, Gen Xers, and Baby Boomers Are Not All Created Equal According To Your State's Salary Breakdown
(Artyom Geodakyan\TASS via Getty Images)
Make us preferred on Google

Based on a Business Insider report, data from the US Census Bureau's 2016 "American Community Survey" determined that older Americans make more than their generational counterparts.

The survey, found in the Minnesota Population Center's Integrated Public Use Microdata Series, analyzed the median income of baby boomers (age 52 to 70), Gen Xers (age 36 to 51), and millennials (age 20 to 35 in 2016) across all 50 states and Washington D.C., and results showed that older workers earned higher wages than young workers.




The report provided the percentages showing how much more one generation made compared to the next.

The gap in median salary between millennials and baby boomers ranged from the median boomer making 25% more than the median millennial in DC to a whopping 91% gap between the median millennial and median boomer in Alaska.

Below are samples of a few states reflecting each generation's typical salaries.

In Florida, millennials make an estimated $30,000, the Gen Xers make $43,000, and baby boomers make $47,600.


Miami Beach in FL.(Getty Images)


In Arizona, millennials make $33,000, the Gen Xers make $50,000, while baby boomers earn $52,000.


The Hopi reservation in Arizona.(Getty Images)


Wages in California tend to be higher than most, but the income gap remains the same with millennials earning $38,000, the Gen Xers making $56,000, and the baby boomers still coming out on top, making $60,000.


The Golden Gate Bridge in San Francisco.(Getty Images)


Higher wages in Connecticut still showed no changes in the rankings. Millennials make $44,000, Gen Xers make $65,000, and baby boomers make $70,000.


City Street in Hartford, Connecticut.(Getty Images)


In Ohio, millennials make $35,500, but according to data findings, both Gen Xers and baby boomers were on equal footing by earning $50,000.


The State Capitol in Columbus, Ohio.(Getty Images)


The trend shifted in Washington D.C., where Gen Xers make more than their baby boomer predecessors at $90,000. The boomers pocket $75,000, while the millennials typically make $60,000.

Giphy



But what the millennials lack in earnings, they make up for their shortcomings by saving money. Arielle O'Shea, retirement and investing specialist at NerdWallet, said millennials tend to think of their futures by putting money away.

Millennials are making really good decisions whenever they have an opportunity to save more.

Meanwhile, Twitter contributed their own theories.









H/T - BusinessInsider, Twitter

More from News

Screenshot of Rob Schmitt and Katie Zacharia
Newsmax

Katie Zacharia Just Tried To Blame 'The Media' For Her Ouster As Press Secretary—And Was Hit With An Instant Reality Check

Katie Zacharia, who lasted just five days as President Donald Trump's White House press secretary, was hit with an instant reality check after claiming in a Newsmax interview that "the media" is responsible for her ouster.

Zacharia opened her debut briefing earlier this month with eight minutes of remarks lauding the "energetic president." She also asserted that "attendance is at record highs" at his rallies before presenting favorable figures on wage growth, prescription drug costs, employment, and energy production.

Keep ReadingShow less
Noah Wyle attends the Cedars-Sinai Board of Governors Sunset Soirée at Warner Bros. Studios.
Michael Tullberg/Getty Images

Noah Wyle Has Hilariously Relatable Reaction After Being Named 'Sexiest Man Alive'

Apparently, being named Sexiest Man Alive doesn't automatically mean believing you're the Sexiest Man Alive. Just ask Noah Wyle, who thought People magazine was pulling a prank.

With the competition still alive and breathing, we have a few questions of our own.

Keep ReadingShow less
Sophie Turner
Arnold Jerocki/ST-GERMAIN Elderflower Liqueur/Getty Images

Sophie Turner Just Stepped Out With Much Darker Hair—And Fans Barely Recognize Her

Sophie Turner stepped in front of the camera at 14 years old as Sansa Stark for Game of Thrones and has been a prominent figure ever since, well-known for her switch-ups between voluminous red and platinum blonde hair.

But now, allegedly in preparation for her role as Lara Croft in Amazon Prime's upcoming Lara Croft: Tomb Raider, a revival of the franchise best-known for Angelina Jolie's take on the part, Sophie Turner has embraced dark brunette hair for the first time.

Keep ReadingShow less
Dax Shepard; Justine Lupe
Michael Tullberg/Getty Images; Earl Gibson III/Deadline via Getty Images

'Succession' Star Reveals Her Husband Has Only Cooked 3 Meals For Her Ever—And Dax Shepard's Reaction Is Brutal

Every now and then someone will share an anecdote about their marriage or relationship and it just doesn't quite land as the funny anecdote it's intended to be. This is one of those times!

Actor Justine Lupe, best known as Willa on Succession, recently revealed that her husband, artist Tyson Mason, has only cooked for her three times in their entire marriage.

Keep ReadingShow less
Andy Cohen; Donald Trump
Cindy Ord/Getty Images; Kevin Dietsch/Getty Images

Trump Supporters Just Tried To Come For Andy Cohen—And His Shady Clapbacks Are Everything

The words of a heckler who shouted at MAGA Republican President Donald Trump on Monday have gone viral online.

Trump was stumping in Corinth, Mississippi, holding a MAGA rally to drum up support for GOP candidates in the upcoming midterm elections. His speech was, as usual, a mess of non sequiturs primarily focused on himself.

Keep ReadingShow less