Chart of the Day: Millennials Really Have Taken It On the Chin

Here’s another random chart. It was motivated by a column I happened to read in a free copy of the New Statesman that I picked up today. The numbers are ordinary income figures from the Census Bureau:

So in case you’ve been wondering, millennials really do have it hard. Their income has grown the slowest of any age group since 1974. Pick another starting point and you get pretty much the same thing. If you’re careful with your starting point, you might produce a chart where they’re only second worst. If you’re really careful with your starting point, you might even produce a chart where they’re only third worst.

Basically, though, they’re worse off than pretty much every other generation. And this doesn’t even count the higher cost of both housing and education¹ since 1974, which obviously affects young adults more than other age groups.

Anyway, they’re pretty screwed no matter how you look at things. Those of us who are older and did better, didn’t do better because we’re smarter or harder working. We were just born in a luckier year.

¹Higher than inflation, that is.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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