There's no fucking way Millennials have 100k in net worth on average. As a member of the oldest leading edge of that generation, we just don't. It's far, far less.
What would that even be? Half of a small house?
Outliers are dragging up the average. Median would’ve been a better statistic.
Yeah I misread as median. It would also depend on what bubble one is in, higher net worth could seem more normal.
IF millennials only have a 100k net worth at 40 there is no way that they will be able to retire at 65. Hello to working until one dies.