Tired, poor, huddled millennials of New York earn 20% less than prior generation

Entering the workforce in the greatest economic downturn in living memory, millennials earn much less than Generation X and might never close the gap

Scoff all you like at hoverboard hipsters and Brooklyn baristas: life is tough for millennials trying to chase down their American dream in New York City. The city's millennials make about 20% less than the generation before them, according to a new report released by New York City comptroller Scott Stringer.

Entering the workforce during the greatest economic downturn in living memory, millennials - despite attending college at much higher rate than Gen X - have been stuck in low-wage jobs and might never make up that 20% gap.

Related: College-educated women earn $8,000 less a year than men as gap widens