The net worth of Americans in their 30s, early 40s has quadrupled to a stunning $15.95T — but they still don’t feel rich. Here’s the problem with ‘phantom wealth’ a…
If you’re a millennial — that is, someone born between 1981 and 1996 — there’s a good chance you’re wealthier now than your ...
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Why millennials are experiencing 'phantom wealth'
For more on this phenomenon — called 'phantom wealth' — and why millennials might still be feeling financially vulnerable, host Scott Tong speaks to CNBC personal finance writer Jessica Dickler.
Millennials are building wealth faster than older generations. What's their secret?
In financial terms, millennials are having a good decade. The generation born between 1981 and 1996 has built wealth faster than either Generation X or baby boomers in the 2020s, according to several ...
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Headline-grabbing economic statistics obscure the harsh realities many face
The illiquidity of home equity and retirement savings are causing many millennials to write off the wealth as “phantom wealth,” according to CNBC. Of course, there’s really no such thing as ...
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Millennials’ net worth has quadrupled to $16 trillion. But there’s a catch— ‘phantom wealth’
It's in part due to the major class-divide in the generation and the phenomenon known as "phantom wealth." Owning a home has proven key to millennials’ unique comeback story as the authors note ...