05/22/2018

The Millennial 'Lost Generation' May Never be as Wealthy as Their Parents

This segment faces extreme hurdles other groups have not encountered

From saving longer to buy a home to facing increasing living costs, Millennials are balancing myriad money woes compared with previous generations.

All of these hurdles mean they're at risk of accumulating less wealth during their lives.

Millennials are generally defined as people born between 1981 and 1996, growing up or entering the workforce during the Great Recession. But those born in the 1980s are at the greatest risk of becoming a "lost generation" for wealth accumulation, according to a new report by the Federal Reserve Bank of St. Louis.

Please select this link to read the complete article from Business Insider.