In this Jan. 9, 2017, photo, Andrea Ledesma, left, talks with her mother, Cheryl Romanowski, at Classic Slice pizza restaurant, where Ledesma works, in Milwaukee. Ledesma, 28, says her parents owned a house and were raising kids by her age. Not so for her, even though she has a college degree. With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles. AP Photo/Carrie Antlfinger