I’ve read the article. It goes into detail in the stats across the entire generation. It talks about the big rise in both median and average household wealth for millennials between 2019 and 2022. It also acknowledges that the gap between 20th percentile and 80th percentile for millennials has grown to the largest in history for any generation.
It’s the rise in house prices and the stock market. For millennials who already owned that stuff before the pandemic, and in a position to take advantage of the huge salary gains from the great resignation, the last 5 years have been a financial boon.
It’s also just math working. The older millennials should be millionaires or close to it in order to be on track for retirement. A 401k is going to make people look wealthier than a pension.
Oh nice, you found 1 family that this is relevant for. Now call that family “all millennials”! Proper journalism right here.
I’ve read the article. It goes into detail in the stats across the entire generation. It talks about the big rise in both median and average household wealth for millennials between 2019 and 2022. It also acknowledges that the gap between 20th percentile and 80th percentile for millennials has grown to the largest in history for any generation.
It’s the rise in house prices and the stock market. For millennials who already owned that stuff before the pandemic, and in a position to take advantage of the huge salary gains from the great resignation, the last 5 years have been a financial boon.
It’s also just math working. The older millennials should be millionaires or close to it in order to be on track for retirement. A 401k is going to make people look wealthier than a pension.