Gen X and Millennials have accumulated more wealth than Boomers had at the same age.
Gen X and Millennials have accumulated more wealth than Boomers had at the same age. Strong investment growth, homeownership, and retirement savings have driven this trend. They still face financial pressures such as inflation, housing costs, and student debt. Overall, their long-term wealth outlook appears stronger than previous generations at a similar stage of life. Source
The excerpt is quoted from a public Telegram channel, which owns its text.