Disparities By Race, Ethnicity And Education Underlie Millennials Comeback In Wealth
Disparities By Race, Ethnicity And Education Underlie Millennials Comeback In Wealth from the St Louis Fed -- this post authored by Ana Hernflndez Kent, Senior Researcher, Institute for Economic Equity; and Lowell R. Ricketts, Data Scientist, Institute for Economic Equity In the first post of this series, we found that older millennials (those born in the 1980s) had made significant gains in family wealth. They were only 11% below wealth expectations as of 2019, versus 40% below expectations in 2016. By “wealth expectations," we mean a predicted level based on the wealth held by families i...
Source: econintersect.com