Natalie Colley Featured Article on Forbes About Millennials Low Net Worth
By: Natalie Colley
March 17, 2023
Natalie Colley, Lead Advisor at Francis Financial, discusses how student loans are playing a role in millennials net worth.
Student debt, slow wage growth and rising living costs are keeping Millennials from accumulating wealth compared to prior generations, making it difficult for them to achieve long-term financial goals like buying a home or saving for retirement.
According to the most recent triennial Survey of Consumer Finances in 2019, the median net worth of Millennials aged 35-44 is 20% lower than that of the Baby Boomers and Gen X at the same age.