One in five millennials lives in poverty, report finds

The age cohort continues to surprise economists and defy sweeping generalizations, from how many live in poverty to how many drive cars

• Millennial finance: ‘I wish my folks had taught me how to budget properly’
  
• Millennials are conservative, cheap and could be the wisest generation
  

There might be something to the woe-is-me narrative of the millennial generation. It turns out that one in five millennials lives in poverty, according to a recent report released by the US Census Bureau.

The generation that has been dismissed as entitled and whiny is struggling with higher levels of poverty than its counterparts did in 1980. Back then, about one in seven 18-to-34-year-olds lived in poverty.