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Dissecting the 2023 Economy | Diane Swonk

Wealthion - Be Financially Resilient

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Decline in Wages and Its Impact on Millennials

This chapter discusses the decline in wages over the past decade, particularly in the auto industry, and the consequences for workers. It also highlights the struggles millennials face in purchasing homes due to high housing prices and mortgage rates. The chapter emphasizes the impact of the global financial crisis on millennials' lifetime earnings and the dissatisfaction with the current economy.

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