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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 ...
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 ...
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.
Financial planning is essential for securing long-term wealth, especially for millennials. Born between 1981 and 1996, this ...
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 ...
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 ...
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