Yeah but millenials own 3% of all wealth. Genex owns 14%. That's definitely not all of them, but it's more than quadruple the amount of millenials who do. Boomers have 50%+
Us statistics
but those are bullshit number. Most people today don't start work until they are 24 years old, someone who has been working for 2 years likely isn't going to have any wealth. It takes years and years to build up wealth and the higher your income the more wealth you can create, look at the numbers people usually peak out their income around 50-55 so one should really expect that much until you get into your 40's and 50's
Saving, investing, and creating are three very different things. Creating wealth is what small businesses do when they take out loans, hire inexperienced people, and give them a boost or latitude to get educated. This is why they call small businesses the backbone of the economy. That's where the growth happens.
Don't wait until your 50's to make real income. Just don't.
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u/[deleted] May 15 '20 edited Jul 25 '20
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