Results 1 to 2 of 2

Thread: Average Net Worth of Millenials by Age

  1. #1

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Average Net Worth of Millenials by Age

    Pretty dire numbers here. Implications for population growth going forward as the idea of having children gets pushed further down the road. Also, implications for policy makers to employee more "stimulus" type subsidies.

    I don't think "wiping" student debt is the answer. The heart of the problem is the cost of college and housing. I don't know how either can be solved, nor do I think there is any real incentive by policy makers.

    Millennials are technically anyone born between 1982 and 2002. Basically, these people are roughly 19 to 39 today. That's roughly 81 million Americans.

    For reference, the median of millennial net worth is $18,000. The true geometric average of millennial net worth is actually $105,500 - but that number is heavily skewed by outliers like Mark Zuckerberg.
    mil.JPG

    https://thecollegeinvestor.com/14611...h-millennials/


  2.  
  3. #2

    Join Date
    Oct 2008
    Location
    Stinking desert valley of bad air quality, AZ
    Posts
    2,993

    Default Re: Average Net Worth of Millenials by Age

    Quote Originally Posted by Bullitt View Post
    Pretty dire numbers here. Implications for population growth going forward as the idea of having children gets pushed further down the road. Also, implications for policy makers to employee more "stimulus" type subsidies.

    I don't think "wiping" student debt is the answer. The heart of the problem is the cost of college and housing. I don't know how either can be solved, nor do I think there is any real incentive by policy makers.

    https://thecollegeinvestor.com/14611/average-net-worth-millennials/
    When I first read this, I thought since I was not worth $69k at 39, thats not too bad. Then I realized that was a few years ago and equates to around $800 then. I probably didn’t have a net worth of $800 then but had a mortgage and military retirement pay coming. (I hoped, if I didn’t screw up real bad) So what Bullitt said, doesn’t look good depending on the situation of those 39 year olds.

    I have no solution either. I know several people still paying student loans in to their 40s and several parents who are paying those loans. Choices for degree paths were not often so wise in the past.

    PO

  4.  

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
Average Net Worth of Millenials by Age
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Average Net Worth of Millenials by Age
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Average Net Worth of Millenials by Age
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Average Net Worth of Millenials by Age
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes