Here's how much more Americans are earning in 2019 than they did in 2009. (via CNBCMakeIt)
Pictured: Rainn Wilson as Dwight Schrute and Steve Carell as Michael Scott in an episode of "The Office."In 2009, in the wake of the financial crisis, Americans were struggling to find jobs and watching their investments tank. A decade later, things have bounced back quite a bit. However, wages remain relatively stagnant.
The data speaks for itself: In 2019, Americans between the ages of 25 and 54 are earning just 4% more than they did in 2009, after adjusting for inflation, according toToday's typical wages have about the same purchasing power they did more than 40 years ago, according to the. "The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today," writes Pew's Drew DeSilver.
Here's a look at how the median amount Americans earned at every age for the second quarter of 2009 compares to the median amount Americans are earning in the second quarter of 2019. Historical numbers are adjusted for inflation.These stagnant wages make it difficult for young people to reach the same financial milestones as their parents and grandparents, including paying for college or buying a home.
To make things worse, life is getting more expensive. Students who attended four-year public colleges graduated with an average of $26,900 in student loans in 2017,
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