International Business Times29d
Millennials Hold Trillions In Wealth—Yet 'Phantom Wealth' Keeps Them Feeling Poor
However, Millennials who are wealthy don't feel like one -- a scenario called as "phantom wealth." An analysis of St. Louis Federal Reserve data in 2022 showed that younger families in the U.S ...
WBUR17d
Why millennials are experiencing 'phantom wealth'
For more on this phenomenon — called 'phantom wealth' — and why millennials might still be feeling financially vulnerable, host Scott Tong speaks to CNBC personal finance writer Jessica Dickler.
AOL1mon
Millennials’ net worth has quadrupled to $16 trillion. But there’s a catch— ‘phantom wealth’
It's in part due to the major class-divide in the generation and the phenomenon known as "phantom wealth." Owning a home has proven key to millennials’ unique comeback story as the authors note ...
The net worth of Americans in their 30s, early 40s has quadrupled to a stunning $15.95T — but they still don’t feel rich. Here’s the problem with ‘phantom wealth’ a…
If you’re a millennial — that is, someone born between 1981 and 1996 — there’s a good chance you’re wealthier now than your ...
Fortune1mon
Millennials’ net worth has quadrupled to $16 trillion. But there’s a catch— ‘phantom wealth’
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Orange County Register18d
Headline-grabbing economic statistics obscure the harsh realities many face
The illiquidity of home equity and retirement savings are causing many millennials to write off the wealth as “phantom wealth,” according to CNBC. Of course, there’s really no such thing as ...