Net worth of Americans aged 18 to 35 has dropped 34 percent since 1996: study

The net worth of the average 18- to 35-year-old has plummeted 34 percent since 1996, according to new study from accounting group Deloitte. The group’s average net worth is now below $8,000, putting today’s millennials in a worse financial position than previous told The Washington Post that the study’s findings “debunk many conventional wisdoms about the new-age consumer.” The study also found that “only 20 percent of consumers were meaningfully better off in 2017 than they were in 2007, with precious little income left to spend on discretionary retail,” according to the paper.

Source: thehill.com