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Fortune

Millennials have it better than everyone thinks, accumulating wealth faster than anyone else since the pandemic, new data shows

Fortune
Summary
Nutrition label

82% Informative

The average wealth of households under 40 grew by 49% between 2019 and 2023 , according to a new report from Center for American Progress .

Younger generations’ average wealth is $ 259,000 : an $ 85,000 increase during the past five years .

This rapid rate of wealth growth is unprecedented in the data series’ history.

Housing accounts for the largest gain in assets for this age group.

In our new special issue, a Wall Street legend gets a radical makeover, a tale of crypto iniquity, misbehaving poultry royalty, and more. Read the stories..

VR Score

83

Informative language

83

Neutral language

42

Article tone

informal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

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