Generational Shift: Millennials Closing the Ownership Gap with Baby Boomers
Baby boomers currently hold a staggering $75 trillion in wealth, including stocks, real estate, pensions, private businesses, and cash, while Generation X holds $40 trillion and millennials hold $8 trillion. However, as millennials enter their prime earning years, they have the potential to catch up to the older generations in terms of wealth accumulation.