Page 6 - Millennial Wealth News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jared Siskin/Getty Images White older millennials have a median wealth of $88,000, compared to $5,000 for Black older millennials. One reason for this divide may be that Black millennials have a heavier student debt burden. Older millennials born in the 1980s are making a wealth comeback, but there's a vast racial wealth gap lurking underneath this progress. In 2016, older millennials' wealth levels were 34% below older generations at similar ages, per a 2018 study by the Federal Reserve Bank of St. Louis. Within three years, the first part of a new St. Louis Fed...

Millennials are defined by the Great Recession and coronavirus pandemic, similar to a past generation defined by the Spanish Flu and Great Depression.

Westend61/Getty Images Millennial New Yorkers are piling into luxury apartments amid plunging rents and concessions. They're upgrading their living situation in pursuit of more amenities, space, and the solo life. As of January, rents were down 15.5% in Manhattan and 8.6% in both Brooklyn and Queens, per StreetEasy.  $3,200. $3,000. $2,900. Over the past several months, Brett Vergara had been watching rent fall like dominoes for apartments at The Brooklyner, a residential skyscraper that briefly had the title of Brooklyn's tallest building around a decade ago. R...

Visionhaus/Getty Images Millennials aren't killing the American Dream. They're reviving it. John Truslow Adams defined the American Dream as a better life for all, but consumerism got involved in a big way after World War II. Millennials are bringing back its true meaning, whether they seek a life of suburbia or an alternative path. A college-educated couple, mortgaged house with a white picket fence, 2.5 kids, and a dog: It's the American Dream, and millennials are "killing" it.  So cried the press in the past decade, accusing millennials of killing so many ind...

Luminar This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. It's a Silicon Valley tale: Russell has built inventions since his childhood and dropped out of Stanford when he got the Thiel Fellowship to work on Luminar. He disrupted innovation in an emerging industry, developing nontraditional lidar sensors that help self-driv...