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 ...
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 ...
Net worth of millennials has quadrupled: Why some call it 'phantom wealth'
Millennials have come a long way since their days of being called lazy or entitled. Despite reaching key milestones later ...
Business Insider5mon
Millennials have 'phantom wealth' hidden in their homes and 401(k)s — but they don't feel rich
Imagine two elder-millennial friends sitting in a coffee shop, eating avocado toast (this is all about generational generalizations, so let's stick to the classics). Their monthly income is the same.
NBC Los Angeles5d
Net worth of millennials has quadrupled: Why some call it ‘phantom wealth'
Still, very few millennials would consider themselves wealthy. The disconnect between being rich on paper and feeling well off has been referred to as "phantom wealth." For example ...