Millennials Mired in "Wealth Gap" as Older Americans Gain; Housing Crash Continues to Overshadow Young Families' Balance Sheets
MishTalk
APRIL 4, 2014
For households headed by someone 40 years old or younger, wealth adjusted for inflation remains 30 percent below 2007 levels on average, according to research by economists at the Federal Reserve Bank of St. The average value of housing on young families’ balance sheets remains about 35 percent below its 2007 level, the St.
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