Muddling Millennials

Despite being better educated, in 2016 Millennial households had average net worth of $92,000; 40% less than Gen Xers and 20% less than Boomers (adjusted for inflation) at the same point in their respective lives. 33% of Millennials are homeowners, compared with 50% of Xers and just under half of Boomers. Marriage and birth rates are similarly depressed. Massive Boomer retirements and the strong economy will hopefully improve these numbers.