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 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 ...
Net worth of millennials has quadrupled: Why some call it ‘phantom wealth'
"Younger families in the U.S. made remarkable gains," according to an analysis of 2022 data by the St. Louis Federal Reserve.
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, ...
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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 ...
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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 ...