What We’re Showing?
Average wealth per household, adjusted for inflation, for American individuals under 40, from Q3 1989 to Q4 2023 (in December 2023 dollars).
Key Takeaways
- Millennials (those born between 1981 and 1996) may have ditched their “broke generation” stereotype.
- The average wealth of U.S. households under 40 was $259K in the fourth quarter (Q4) of 2023, compared to $164K in Q4 1989 and $182K in Q4 2000.
- This group has experienced low unemployment rates and rapid wage growth in the 2020s.
