Money misery

Millennials hoping to get rich quickly, at least in Florida and many other southeastern states, are in for a rough ride.

Some recent reports back up that theory. With a median household income of $40,581, for example, millennials earn 20% less than boomers did at the same stage of life, according to Federal Reserve data analyzed by the Young Invincibles. More woes: Millennials are better educated than boomers; their share of student debt is considerably higher; their homeownership rate is lower; and they have half the net worth of baby boomers, adds the Young Invincibles, an advocacy organization.

Closer to home, a study from Business Insider pegs Florida's median annual total personal income for millennials at $20,000 — $10,000 less than the median statewide personal income for all employees.