America's younger workers losing ground on income

From 2001 to 2004, median income fell 8 percent for householders under 35, a survey shows.

By Mark Trumbull | Staff writer of The Christian Science Monitor

In the race to get ahead economically, America's young workers are falling behind.

A new survey shows that median incomes fell for householders under 45, even as they rose for older ones, between 2001 and 2004.

Income fell 8 percent, adjusted for inflation, for those under 35 and 9 percent for those aged 35 to 44. The numbers add new weight to longstanding concerns about whether younger generations of Americans will achieve living standards that are better - or at least equal to - those of their parents.