Millennials only hold 3% of total US wealth, and that's a shockingly small sliver of what baby boomers had at their age
https://www.businessinsider.com.au/m...op=1&r=US&IR=T
Quote:
- When boomers were roughly the same age as millennials are now, they owned about 21% of America’s wealth, compared to millennials’ 3% share today, according to recent Fed data.
- Baby boomers are outpacing the Silent Generation in terms of wealth as they age into retirement, while millennials and Gen X are lagging behind boomers as they age.
- Millennials are financially behind as they struggle with increased living costs, the fallout of the recession, and student-loan debt, but it’s possible they can catch up.
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I'd like to see this updated for 2020.