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Millennials are plagued by ‘phantom wealth’: Why the generation doesn’t feel rich despite their net worth quadrupling

6 18
tuesday

Millennial wealth in the United States has nearly quadrupled since 2019, outpacing both Gen X and baby boomers, yet most millennials don’t consider themselves rich.

Millennials, those born between 1981 and 1996 (give or take a year or two), are now worth a staggering $15.95 trillion, about four times what they were worth just five years ago, according to data from the Federal Reserve as reported by CNBC.

As of 2024, the average net worth of a........

© Fast Company


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