Tell a story about the life of millennials (18- to 34-year- olds) using the foll
ID: 3068140 • Letter: T
Question
Tell a story about the life of millennials (18- to 34-year- olds) using the following graphs: trends that you can see in each graph. Finally, write your story by connecting the facts that you hs. Think a Figures 1 and 2: A BIG PAY CUT Change, from previous decade, in median eamings of 18-to 34-year-olds. Figures in 2013 doilars +$871 +$639 1980 1990 2000 2009-13 MEDIAN EARNINGS$35,845 $36,716 $37,355 $33,883 FOR THE BEST-EDUCATED GENERATION Percent with bachelors degree or higher among 18- to 34-year-olds. 1980 15.7% 199017.0 200019.5 2009-13 223 -$3,472 Sources: census.gov/censusexplorer, Census Bureau: sccialexplorer.com, Minnesota Population CenterExplanation / Answer
Figure 1 : The graph is about the income level and it depict that how the income level changes over decades.
Till 2000, median earning was increasing at a decreasing rate. But in next decade, median earning is decreased.
Figure 2 : The graph is about the education level of this particular age group.
Bacheler's or higher degree recipient is at increasing rate. it shows that, students are likely to take higher degrees than the previous decades.
Figure 3 : The graph is about the pattern of the net worth of this age group over decades.
Net worth is decreased till 2010, but is at increasing trend from then. mostly dcresed between 2005-10
Figure 4 : The graph is about the changes in the tution fee related to the inflation rate change.
College tution fee is increased at a higher rate than the inflation rate.
Figure 5 : The graph is about the pattern of the debt incurred in graduation for this particular age group over decades.
college debt upon graduation is at increasing rate and no sign to dcrease.
Figure 6 : The graph is about the comparison between mostly indebted and average indebted bachelos.
increasing rate of most indebted bachelors is much higher than the median indebted bachelors and the difference is much higher..
Figure 7: The graph is about the puchasing level of the age group over decades.
Rate of buying homes is at decresing trend from 2005 to 2015 and is just opposite to the 1995-2005 in which rate of buying homes was at increasing trend.
Figure 8 : The graph is about the pattern of paying rent in different metro cities over decades.
Paying higher rents is also at increasing rate. in 2005, it decreased little bit but from then it is in increasing trend.
Over the decaeds, the number of graduates are increasing but the employment is not increasing at the same rate which in turn increase the rate of unemployment. Therefore the median earning rate as well as the net worth is on the lower side. On the other side, as the tution fee increased drastically, the % of bachelors in debt is also increased. this age group is likely to pay rent but not buy homes. That is an another reason for bigger bills which eventually lower down the net worth of the individual.
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