Posted 2/14/2024, 10:03:00 AM
Millennials' Wealth Grows But Boomers Still Far Ahead Despite Market Gains
- Millennials saw their wealth surge 80% from 2019-2023 due to stock market gains
- Younger people invest more in equities than older adults, who invest in safer assets
- Government stimulus checks likely drove more millennials to invest during the pandemic
- The wealth gap between millennials and boomers remains large but narrowed slightly
- Millennials were more likely to quit stocks when the market fell in 2022