Money

How Much Do Millennials Make Across America?

December 8th 2015

Median incomes for young people can vary wildly depending on the state they live in—with the difference between some states peaking at more than $20,000.

Business Insider released a map that shows just how hard Millennials have been hit in the years since 2008's Great Recession. With student debt at an all-time high and young people not making nearly as much as their parents did, here’s a visual representation of the median income of Millennials across the U.S.

Millennial Median Income MapBusiness Insider - businessinsider.com

RELATED: The State of Millennials' Finances Says a Lot about Our Economic Recovery

Millennials are defined by the Pew Research Center as Americans born between 1981 and 1997, and represent approximately one third of the population. The data represented in the map were taken from the Minnesota Population Center's 2014 "American Community Survey" in the Integrated Public Use Microdata Series, and then compiled by Business Insider to show exactly where Millennials are right now in terms of salary. The medians ranged from $18,000 in Montana to $43,000 in Washington, D.C.

Business Insider notes that the youngest of the Millennials are still college-aged, so they may be only working part-time, which can skew the numbers.

RELATED: Banks Are Ignoring Young People of Color

Even still, Millennials who graduate may have a harder time saving money and investing than generations before them, ATTN: has noted previously. As the generation who entered the workforce just as the 2008 financial crisis was hitting, Millennials don’t have the same confidence in financial institutions that their parents did.

A Harvard study conducted in 2013 found that only 11 percent of Millennials trust Wall Street, and are twice as likely to seek financial advice from their parents instead of a bank.

Read More: The Surprising Reason You and Your Friends Aren't Saving Money

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