Data shows that millennials are falling behind: Those born around 1980, or roughly today's 30-year-olds, have only a 50 percent chance of making more money than their parents.
Just how much are young people earning?
Personal finance app Clarity Money surveyed its 300,000 users to compare the average monthly income for consumers from New York, San Francisco and other major cities. It then broke down the data by age.
Here's how much millennials — normally defined as those between 18 and 34 years old — bring home every month (after taxes) across 11 U.S. cities.
Boston
Monthly income for those under 23: $1,787
Monthly income for those between 23 and 28: $3,044
Monthly income for those between 29 and 33: $3,239
Philadelphia
Monthly income for those under 23: $1,332
Monthly income for those between 23 and 28: $2,349
Monthly income for those between 29 and 33: $3,279
Pittsburgh
Monthly income for those under 23: $1,284
Monthly income for those between 23 and 28: $2,423
Monthly income for those between 29 and 33: $3,422
Miami
Monthly income for those under 23: $1,613
Monthly income for those between 23 and 28: $1,892
Monthly income for those between 29 and 33: $3,492
Chicago
Monthly income for those under 23: $1,449
Monthly income for those between 23 and 28: $2,615
Monthly income for those between 29 and 33: $3,500
San Antonio
Monthly income for those under 23: $1,130
Monthly income for those between 23 and 28: $2,363
Monthly income for those between 29 and 33: $3,837
Los Angeles
Monthly income for those under 23: $1,540
Monthly income for those between 23 and 28: $2,635
Monthly income for those between 29 and 33: $3,865
Austin
Monthly income for those under 23: $1,448
Monthly income for those between 23 and 28: $3,019
Monthly income for those between 29 and 33: $3,983
New York
Monthly income for those under 23: $1,711
Monthly income for those between 23 and 28: $3,283
Monthly income for those between 29 and 33: $4,541
San Francisco
Monthly income for those under 23: $2,441
Monthly income for those between 23 and 28: $4,101
Monthly income for those between 29 and 33: $4,792
Seattle
Monthly income for those under 23: $2,175
Monthly income for those between 23 and 28: $2,940
Monthly income for those between 29 and 33: $4,856
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