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      U.S. News

      The Unsexy Truth About Millennials: They’re Poor

      PAYBACK

      If you’re wondering why millennials don’t have much sex, and don’t buy cars, forget social theorizing: The harsh truth lies in their near-empty wallets.

      Samantha Allen

      Updated Sep. 27, 2018 3:04AM ET / Published Aug. 05, 2016 4:20PM ET 

      Photo Illustration by The Daily Beast

      Millennials are not some vast unsolvable mystery. According to a report from the U.S. Census Bureau (PDF), they earn $2,000 less than their parents did at a comparable age, they are more likely to live in poverty, and they are more likely to live at home.

      But Baby Boomers and Gen Xers still seem to find it hard to believe that basic economic math can explain much of the younger generation’s behavior.

      After several news outlets, including The Daily Beast, reported that rates of millennial sexual inactivity in early adulthood are surprisingly high, armchair social theorists came out in force to blame it on everything but the fact that nearly one-third of young adults are still living at home.

      Samantha Allen

      @SLAwrites

      Got a tip? Send it to The Daily Beast here.

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