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 ...
29don MSN
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 ...
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.
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 ...
© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and ...
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 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results