Millennials have been pegged as an overly educated, entitled generation that’s doomed to a life of stagnant wages and endless meandering.

But it turns out 18 to 34-year-olds — the largest generation in the country according to the Pew Research Center — might be grossly misunderstood.

There’s not even a consensus on how old Millennials are — with some setting the limits between about 1981 and 1997 and others capping the generation at 30.

Regardless of what people know (or don’t) about this generation, these young adults are facing economic challenges different from what other generations have encountered. For example, this week, New York City Comptroller Scott Stringer released a report that found that as a group, they make about 20 percent less than their equals in the previous generation.

This week on Money Talking, Derek Thompson, a senior editor at The Atlantic who’s written about Millennials, joins host Charlie Herman to discuss what average twenty-somethings are actually doing with their lives and why, and how it affects the rest of the economy and society.