Millennials and Gen X were most likely to say they're doing worse financially than their parents, and they have a few good reasons.
The share of people who go on to earn more than their parents has been steadily declining since the 1940s. In fact, just 50% of people born in 1980 have grown up to earn more than their parents, compared with 90% of people born in the 1940s, according to
I'm a certified financial planner and tax reporter at CNBC. How I tackle my own retirement tax planningNearly 1 in 5 eligible taxpayers don't claim this 'valuable credit,' IRS says As a result, Gen X and millennials hold nearly 87% of the country's student debt balance, with Gen X alone holding 57%, according to the"People like 30-year-olds today are comparing themselves with their parents at 30 and feeling like they're behind," Tara Unverzagt, a certified financial planner and therapist, told CNBC Make It. "And to a certain extent, I'm not sure that's true.
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