Millennials Have 'Phantom Wealth' but May Not Feel as Rich
The median wealth of older millennials, between the ages of 36 and 45, was 37% above expectations, according to a report by ...
Millennials Hold Trillions In Wealth—Yet 'Phantom Wealth' Keeps Them Feeling Poor
An analysis of St. Louis Federal Reserve data in 2022 showed that younger families in the U.S. have actually made remarkable ...
Millennials’ net worth has quadrupled to $16 trillion. But there’s a catch— ‘phantom wealth’
Researchers looked at the combined value of nonfinancial assets, such as homes and cars, and financial assets, such as savings and retirement accounts. The generation collectively is now worth about, ...
Inequality9d
Will Today’s Millennials Ever Live in a More Equal USA?
In other words, half of millennial families have less than $7,512 in wealth, half have more The oldest millennial grouping, 35-to-39-year-olds, do hold somewhat more in net assets, but not nearly ...
Why you may be getting ‘shortchanged' on certificate of deposit interest rates, researcher says
It’s often a better deal for consumers to pick a long-term certificate of deposit and pay an early withdrawal penalty than ...
Hosted on MSN10d
Millennials' net worth quadrupled, but it's mostly 'phantom wealth'
Millennials' net worth has quadrupled, making them the wealthiest generation in 2024. Here's why experts call it "phantom ...
Net worth of millennials has quadrupled: Why some call it 'phantom wealth'
Collectively, millennials are now worth about $15.95 trillion, up from $3.94 trillion five years earlier, according ...
Millennials are plagued by ‘phantom wealth’: Why the generation doesn’t feel rich despite their net worth quadrupling
Millennial wealth is surging, yet many still feel like they’re struggling because their cash is tied up in assets not readily ...
The Australian Financial Review14d
How this Millennial plans to get wealthy even as a ‘forever renter’
Regardless of whether they were owners or renters, among those aged 25-34, the main aspiration was wealth creation followed by having assets to leave to their children, followed by being able to ...
ETF Daily News14d
Barclays PLC Grows Stock Holdings in Global X Millennial Consumer ETF (NASDAQ:MILN)
Global X Millennial Consumer ETF has a fifty-two week low of $35.03 and a fifty-two week high of $48.02. The firm has a market capitalization of $125.18 million, a PE ratio of 33.27 and a beta of ...