To Be Young And Rich: Millennials With $100,000 In Investable Assets Taking Over US Economy


    Hey now, just wait a second. I thought millennials were too busy working dead end jobs while complaining about how life sucks because they’re supposed to be given everything while living in mommy/daddy’s basement while drinking their Iced Cinnamon Coconut Milk Macchiato but now your telling they should be considered part of the economical elite – PB/TK 

    To Be Young And Rich: Millennials With $100,000 In Investable Assets Taking Over US Economy- BY   


    Millennials who graduated during the Great Depression’s bust have cobbled together enough cash to become some of the richest people in the nation. These young and rich people are nearly doing just as well as their slightly older counterparts, Generation X, in terms of household wealth, a new study on wealth and inequality found.

    Roughly 13 percent of millennials are among the nation’s wealthiest people, or demographics with at least $100,000 in investible assets, the study from Wealth & Affluent Monitor, published by Phoenix Marketing International earlier this month concluded. People with that much money are a powerful bunch, representing 91 percent of the total investable assets in the U.S. In all, there are more millionaires than ever in the U.S., with more than 800,000 new elite households joining that tax bracket in the last five years.

    In contrast, Generation X account for 17 percent of all Americans with at least $100,000 in investable assets. They also must tackle the costs of caring for aging parents and their children, the study found.

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