Georgia Near Bottom for Millennials
Analysts says millennials in the Peach State are not faring as well as they should.
Millennials make up the largest generation in the U.S workforce, but they earn 20% less than Baby Boomers did at the same age, according to the personal-finance website WalletHub.
“Georgia has the second-highest student loan debt per person at over 22-thousand, (dollars) so that alone is really hindering when millennials in Georgia are able to get out on their own,” according to WalletHub Analyst Jill Gonzalez. “We see that again in the poverty rate of the millennial population, about 22% of people aged 18 to 34 years old are living beneath the poverty line.”
Gonzalez says Georgia was among the lowest ranked states on 2017’s Best and Worst States list. Analysts studied 24 categories.
“Unfortunately, Georgia is the ninth worst state for millennials, out of all 50 plus D.C. for a couple of different reasons,” according to Gonzalez. “So we looked at about four different categories, with more metrics included. Everything from affordability, education, health, quality of life, and the overall economy.”
West Virginia was the worst state for millennials, while North Dakota topped the list as the best for the group. Information on Gen-Xers was not included.