30-Year-Olds Making Less Than Their Parents

Published: Dec. 10, 2016, 5 a.m.

A recent report shows that half of 30-year-olds make less than their parents did at the same age. In 1972 92% of Americans were better off than their parents. Now in 2016 it is just 51%. Ed Butowsky, top wealth manager in Dallas, Fox News Financial Advisor, and managing partner of Chapwood Investment Management, discusses with Gregg Jarrett what this report is saying about 30-year-olds making less than their parents at this age and why this is alarming.