Deloitte: Net Worth of Average 18 to 35-Year-Old Has Plummeted 34 Percent Since 1996
June 1st, 2019Via: The Hill:
The net worth of the average 18- to 35-year-old has plummeted 34 percent since 1996, according to new study from accounting group Deloitte.
Despite stereotypes that millennials overspend on entertainment and dining out, the Deloitte study found that the generation is paying more for education, food, transportation and other basic needs, while their incomes have stayed steady.
The group’s average net worth is now below $8,000, putting today’s millennials in a worse financial position than previous generations.
