Millennials Experience Unprecedented Wealth Growth Since Pandemic

Recent studies reveal a significant increase in wealth among millennials, contrasting with previous financial struggles.

Millennials under 40 saw an 80% increase in inflation-adjusted wealth from early 2019 to late 2023, outpacing older generations.
The wealthiest 10% of millennials now possess more wealth than their baby boomer counterparts at the same age.
Despite overall growth, wealth disparity within the millennial generation remains significant, with high-earning individuals benefiting the most.
Investments in housing and stocks have been key drivers of wealth accumulation for millennials during the pandemic.
Challenges such as student loans and housing affordability continue to hinder financial progress for many in this generation.