Millennials Have The Same Net Worth As Boomers

Conclusion

The Fed calculated that at the same age, millennials and boomers have/had the same net worth which probably shocks many people because there are always stories about how badly millennials are doing financially. Millennials are benefiting from not having children as young or at all in some cases. More retailers are paying rent compared to April. Low-income renters were hit hard by the recession. Inflation occurred more in the items people bought due to the virus. Growth stocks are the most sensitive to a rise in interest rates.  

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