Two-thirds
August 19, 2014
The amount of real lifetime wage growth that typically occurs in the first 10 years of a career. Many Millenials will not see this wage growth due to the difficult economic climate and will have a harder time making large purchases such as a home or a car.
Source:“The Short- and Long-Term Career Effects of Graduating in a Recession: Hysteresis and Heterogeneity in the Market for College Graduates”