GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
In the case of manymillennials, that may be especially true.
Thats howThe Wall Street Journaldescribes the wealth that is put away in illiquid assets like homes and retirement accounts.
According to an analysis from theSt.
Median wealth more than quadrupled to $41,000 for those born in the 1990s.
Thats up significantly from $4.5 trillion just four years earlier.
Themain driving forcehas been real estate.
Inequality Challenges
The news isnt all good for younger Americans, particularly with day-to-day financial obstacles.
Young Americans still face plenty of economic challenges, according toSoFi.
They may also live longer than boomers and will need to make their money last longer.
Then theres the issue of inequality.
In some instances, inequalities have grown.
That means disparities alongracial and educational lines.
But it doesnt end there.
More From GOBankingRates
Share This Article:
