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'
Collectively, millennials are now worth about $15.95 trillion, up from $3.94 trillion five years earlier, according ...
Millennials’ net worth has quadrupled to $16 trillion. But there’s a catch— ‘phantom wealth’
The generation collectively is now worth about, $15.95 trillion, per Federal Reserve data. The average older millennial is now approaching their middle adulthood, aged 38. Factoring how other ...
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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.