Robert Reich / YouTube

There's always some type of bickering that goes on between the generations and, these days, it's between Baby Boomers and Millenials. The Baby Boomers claim that Millenials are entitled. Which is pretty funny, because Millenials were raised by Boomers.

On the other hand, Millenials believe that Boomer selfishness helped create a world where it's harder for younger people to get by.

Regardless of who's right in the fight, the truth is that Millennials are on a much shakier financial footing than their parents.

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Explore the Surprising Faces of Debt In America

The Debt Project, a new series by photographer Brittany M. Powell, illuminates the real people behind the numbers.

Brittany Powell, The Debt Project

Hundreds of millions of Americans currently shoulder staggering debt that threatens to spiral them into financial insecurity. According to a recent study by the Federal Reserve, 1 in 50 households carry more than $20,000 in credit card debt, with the U.S. population as a whole owing more than 2.4 trillion. Of that inconceivable amount, $60 billion is from credit cards, at an average of $7,327 per household. This is not a faceless statistic. Many workers, still recovering from the seismic shock of the Great Recession, give over a sizable portion of their paycheck each month to cover these debts. In a shocking study commissioned by ProPublica and ADP, it was reported, “more than one in 10 employees in the prime working ages of 35 to 44 had their wages garnished in 2013.” Debt, the elephant in the room, is an insidious and often invisible force. Whether it’s from student loans, medical bills, credit cards, or real estate, the burden can feel so substantial that it almost seems like a physical presence in our lives. The Debt Project, a photo series by San Francisco-based photographer Brittany M. Powell, hopes to illuminate what debt really looks like by peering into the surroundings of those living beneath its weight. The result is a group of intimate photos, still under development, that show the real and often banal face of financial hardship.

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Obama Wants to Give You Two Years of Community College On the House

The President annnounced his new proposal to help students pay for college.

The tab on our national student loan debt runs at $1.2 trillion. It’s hard to even conceptualize how much money that is. But if anything symbolizes how irreparably broken our educational system is, it’s that amount: $1.2 trillion. U.S. leaders will be dealing with this problem for at least a couple generations but President Obama has just announced a proposal that might be the first step towards a solution: making the first two years of community college free. President Obama made the announcement via a video posted to his Facebook page on Thursday.

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How History Can Save Millennials' Economic Futures

Millennials could learn a thing or two from the economies of previous decades.

In our weekly Hustlin' series, we go beyond the pitying articles about recession-era youth and illuminate ways our generation is coping. The last few years may have been a rude awakening, but we're surviving. Here's how.

Of my four grandparents, all of whom were born around the turn of the century, just one—my police lieutenant grandfather, Mel—needed a college degree in order to do his job. Grandpa Mel was part of the measly 5 percent of Americans who had gone to college in 1940, a statistic I found when The Census Bureau released a cluster of infographics comparing how Americans' lives have changed. In 2010, 28 percent of Americans were college-educated. That seems like a huge jump, yet when I thought a little harder, I realized today's statistic was more depressing than the one from 1940.

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