By Andrea Lannom
BECKLEY, W.Va. — West Virginia ranks second worst in the nation for Millennials, according to a recent WalletHub report, but not all of the news was bad.
However, if young people are looking for cheap housing, the Mountain State is an attractive option, the report said.
The report by WalletHub, a credit score and credit report company, notes that Millennials have trillion-dollar purchasing power and high educational attainment, but are economically worse off than their parents. Millennials are defined as people born between 1981 and 1997.
“The financial crisis remains a big part of the reason,” the report said. “Millennials have come of age and entered the workforce in the shadow of the Great Recession, which has significantly reduced their job prospects and earning potential for decades to come. By one estimate, Millennials today earn 20 percent less than Baby Boomers did at the same age.”
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