Millennials' Wealth Surges 49%
This is a news story, published by Fortune, that relates primarily to Center for American Progress news.
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wealth growthFortune
•Millennials have it better than everyone thinks, accumulating wealth faster than anyone else since the pandemic, new data shows
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.
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