Why Millennials Won’t Ever Be Millionaires

Millennials, or Generation Y, are people who were born in the mid- to late '80s, '90s and 2000s. And despite the comfortable lifestyle they desire, the odds are not in millennials' favor to become millionaires. The problem is simple, according to a new Washington Post article.Wages have not changed and everything is getting more expensive. People ages 40 to 62 have been working longer and have had a chance to save more. Millennials, however, have only been working a few years, giving them less time to have saved money.

The Post breaks this down for us with a very cool graph and a crazy explanation. I am over 40 and I actually had a million dollars in the bank at one time. But, just like the problem millennials have, everything is more expensive ... so my money is gone.

The moral to this story: Stop buying stuff and save your money! HA!