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Millennials built significant wealth between 2015 and 2019. These gains leave Millennials in a much more positive financial position than young adult Gen X’ers in 2009; the economic recovery after the recession did not just benefit Boomers but also extended to younger adults, including Millennials (see Figure 5.20). Thus Millennials were still able to build significant wealth in the years after the recession.
Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future
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