Home » Economy » Millennials double wealth to more than $10T despite pandemic, debt: Federal Reserve
Millennials double wealth to more than $10T despite pandemic, debt: Federal Reserve
Why more millennials are heading to the suburbs
Sam DeBianchi of DeBianchi Real Estate discusses changing trends in the housing market, specifically what trends have changed amid the coronavirus.
Young Americans have managed to double their wealth despite the pandemic-fueled economic downturn and being saddled with a significant amount of debt, new data suggests.
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Data from the Federal Reserve shows that millennials — the generation that faced the brunt of the financial burden during the 2008 recession around the time many were entering the job market — have surpassed a staggering $10 trillion in wealth.