When comparing generational wealth, millennials own a much smaller share of wealth than baby boomers did at the same age. Reports show that millennials own less than 5% of the nation’s wealth, whereas baby boomers owned about 21% at the same age.
72% of millennials are concerned they won’t be able to live comfortably and achieve a financially secure retirement.
In 1989, when baby boomers were the same age as millennials today, they owned over 21% of the national wealth.
Millennials today own just under 5%, per FORTUNE.
— unusual_whales (@unusual_whales) July 16, 2024
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