#CBS12: Why millennials are broke
WEST PALM BEACH, Fla. (CBS12) —
A new report claims millennials are broke because they're making choices out of order.
According to an analysis of Bureau of Labor Statistics' Panel data, a record 55 percent of millennial parents had children before getting married, compared to 25 percent of the youngest baby boomers who did the same.
Researchers found the most financially successful young adults are those who put marriage before children. The data shows 86 percent of young people who got married before having kids are among the middle or top third of earners.
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