AdvertisementMillennial and Gen Z parents are finding themselves isolated.
But they and Gen Zers behind them have finally caught up to previous generations in terms of their income, Jean Twenge, a psychologist and the author of "Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future," told me.
As fast as the money comes in from the pay raises that millennials and Gen Zers have secured, for parents the money goes right back out.
These realities can force many millennial and Gen Z parents to make tough choices.
But, at the same time, young parents are fleeing those walkable cities for the towns next door.
Persons:
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Organizations:
Bureau of Labor Statistics, Bank of America, Department of Labor, Congressional, Caucus, of Labor, Pew Research Center, National Association of Realtors, Deloitte, Democratic
Locations:
The Alabama, New York City, California, Younger, Colorado, America, Vermont