Comptroller: Millennials face economic troubles

A new report from the city comptroller's office says millennials -- people roughly ranging from 19 to 30 years old -- are facing the toughest job climate since the Great Depression.



The 40-page report found that millennials are making 20 percent less than the generation before them. What's worse, according to Comptroller Scott Stringer, is that they may never catch up after starting with such low pay.



He says that while more people are graduating with college degrees, they're also becoming indebted in the process -- and then getting jobs in lower wage industries like retail, health care, food service and hospitality.



Less people are starting out in higher-wage industries like technology, advertising and finance, according to Stringer.


sorry to interrupt
your first 5 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 5 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."