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If you're born between 1981 and 1996, you're in the prime of your lifebut if you're a millennial, you're not in the prime of your life.
That's according to Census Bureau data, which shows that the average income of all American business owners, including millennials, is about $14,000 more than that of millennial business owners, who are starting or owning businesses for the first time, the Los Angeles Times reports.
But while millennials are in the prime of their lives, they're also struggling with more personal debt, higher education costs, and other financial issues.
"They have more barriers to overcome before doing so," says an analyst at the Center for Economic and Policy Research.
For example, many entered the workforce during and shortly after the Great Recession, when job openings were low and unemployment was high, and most who attended college experienced dramatic increases in the cost of higher education.
As a result, millennials are earning less than other generations, including baby boomers, World War II veterans, and Gen Xers, who made more in the early years of their lives, the Times notes.
But they're also starting or owning businesses at a higher rate than previous generations, meaning they're better off than previous generations when it comes
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Dobbs announced the need for volunteers at the Central Arkansas Veterans Healthcare System for Compassionate Contact Corps.Volunteers are matched with veterans that are experiencing loneliness or are...more
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Susana Van Der Ploeg calls for BRICS+ leadership in fostering equitable health governance, innovation, and civil society inclusion.She urges the bloc to adopt compulsory licensing, strengthen...more
Foundation: Community Foundation of Abilene
Big Country's CASA program seeks volunteers to support local foster children.Court Appointed Special Advocates (CASA) organization has expressed a dire need for volunteers in the Big Country.CASA...more
English has spent her career working at the intersection of farming and public health.Before joining the Walton Personal Philanthropy Group as a senior program officer, she was director of the...more
In South Africa, the hard-won progress of a youth-led HIV education program is threatened by international funding cuts."It provides a safe environment for us," says one youth volunteer of the...more
Galina Trush was born in 1990 in central Ukraine.The outbreak of war in Eastern Ukraine, combined with professional and financial limitations, forced Trush to make another life-changing decision:...more
EAA has created the Youth Program Coordinator role to recognize and support volunteers leading these youth programs beyond Young Eagles flights and rallies.As more chapters expand their youth...more
Nonprofit board fellows programs (NBFPs) enable graduate students to serve as board members and consultants for local nonprofits.NBFPs match local nonprofits with MBA "fellows" who serve as...more
The I Madonnari Street Painting Festival is a beloved tradition in Santa Barbara.The festival will take place at the Old Mission Santa Barbara Saturday-Monday, May 24-26, from 10 a.m.to noon.Proceeds...more
Civic Engagement News from...
Community Foundation of Abilene
MacArthur Foundation
Knight Foundation
McKnight Foundation
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Madison Community Foundation
Kansas Health Foundation
Cattaraugus Region Community Foundation
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Nebraska Community Foundation
Social Entrepreneurship
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