Millennials are falling behind boomer parents

Troubling divide helps to explain the anxiety among US society that defined 2016 election

Baby boomers in the United States are worse off than their millennial children.

With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.