Experience the insightful analysis by Klaus Vedfelt from Digitalvision, featured in CNBC’s exclusive Inside Wealth newsletter with Robert Frank. Stay ahead of the curve by subscribing to receive future editions directly to your inbox.
A recent study reveals a striking wealth gap among millennials, with the affluent elite of this generation standing out. While most millennials face financial challenges like student debt and low savings, the top 10% are outpacing previous generations in wealth accumulation.
Comparatively, the average millennial at 35 holds 30% less wealth than baby boomers did at the same age. However, the top tier of millennials boasts 20% more wealth than their baby boomer counterparts at a similar stage in life.
Each millennial’s financial journey is unique, making it difficult to generalize their experiences. This diversity among millennials is reshaping societal norms and sparking new discussions on class dynamics.
2024-04-26 15:47:22
Explore more insights at www.cnbc.com
