⁍ Millennials’ average net worth of less than $8,000 makes them ‘dramatically financially worse off’ than older generations.

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⁍ The median white millennial household earns $60,800 annually and has a net worth of $35,200.

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⁍ The median Black millennial household only earns $37,300 annually, with a net worth of $17,000.

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– “Black millennials have to deal with a host of economic challenges,” writes Reniqua Allen in the New Republic. “But though Black millennials have much in common with their white peers, there are important distinctions. … In almost all areas of life, the deck is stacked even higher against us, in part due to historical discrimination and in part because of inequities unique to the millennial era.” Here are some of those differences, and why they’re so different: Race: “Black millennials have to deal with a host of economic challenges,” writes Allen. “But though Black millennials have much in common with their white peers, there are important distinctions. … In almost all areas of life, the deck is stacked even higher against us, in part due to historical discrimination and in part because of inequities unique to the millennial era.” Education: “Education is seen as a path to upward mobility. But when Black Americans attend college to close the socioeconomic gap, they still end up with more student debt than their white peers.” Student debt: “After four years, Black grads hold $53,000 in debt—almost twice as much in student debt as their white counterparts.” Health care: “Black millennials—and Hispanic millennials—are less likely to receive employer benefits such as health care, dental care