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GOBankingRates

GOBankingRates

Business

Business & Economics

Millennials’ net worth has nearly quadrupled since 2019, making them millionaires. Here are the strategies they’re using to become millionaires

GOBankingRates
Summary
Nutrition label

78% Informative

According to Federal Reserve data, millennials’ total net worth has nearly quadrupled since 2019 , increasing from $4.54 trillion in 2019 to $16.26 trillion in 2024 .

A Wealthfront study found that for their millennial investing clients, the proportion of millionaires increased by 144% over the past five years .

VR Score

81

Informative language

86

Neutral language

31

Article tone

semi-formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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