Millennials are not as financially screwed as previously thought. The youngest among them are receiving the best graduation gift ever: a good paying job. That's welcome relief to those who comprise the generation that is defined as being born between 1980 and 2000, who have long complained that their incomes were depressed and they were so burdened by student loan debt, that they were forced to live with their parents and would never be able to fund retirement, let alone buy a home. The tide appears to be turning: the average base pay for college grads is up 3 percent this year to $49,785, according to executive-search firm Korn/Ferry International.
Read More