Economic Report: Wages Plunge For Young Men Without Degrees – 05/23/08
Declining incomes are one of the biggest reasons 25-34 year old males aren’t surpassing the living standards of older generations. Earnings for young men with only high school diplomas fell by 29 percent. With wages falling credit debt is rising. Twenty five cents of every dollar for the younger age group goes to pay debt, double what baby boomers spent in 1989.