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Tag: Millennial Wealth
Millennials only hold 3% of total US wealth, and that’s a shockingly small sliver of what baby boomers had at their age
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.
Many millennials think they're doing financially better than their peers. They're also doing better than Gen X and baby boomers in certain areas.
Meet the ‘Henrys’: The millennials making 6-figure salaries who have ‘pleasure funds’ and enough money to travel — but s...
What is a "Henry"? The acronym is used for millennials who earn $100,000 to $250,000 but feel broke because of their luxury lifestyle and debt.
Millennials are delaying big things: buying a house, having a medical procedure, making career moves, and starting love lives, all because of money.
Millennials might lag behind their parents when it comes to money, but there’s something they do better: talk about it
Millennials are more likely than baby boomers to discuss their finances with friends, siblings, and coworkers.
Millennials are pretty grim about their wages — at least when they compare themselves to the rest of their generation.
37% of millennials think they’re doing worse than their peers, but even more think they’re coming out on top
Ten percent of millennials think they're much worse off and 27% think they're somewhat worse off financially compared to the rest of their generation.
Student-loan debt is a big burden for millennials — the average student-loan debt per graduating student in 2018 who took out loans was $30,000.
Credit-card debt is surprisingly common among millennials, but many of them aren’t worried about paying it off
30% of millennials with credit-card debt have little to no stress about it. Credit-card debt can damage your credit score, affecting wealth building.
Millennials are stressed about all kinds of debt — mortgage, car loans, credit card, and student loans.