Disparities by Race, Ethnicity and Education Underlie Millennials’ Comeback in Wealth

Previous work has shown that families whose head had less than a four-year college degree were a primary reason why older millennials as a whole were falling short of wealth expectations. Using new data and a new methodology,2 we corroborated these earlier results and also found that older millennials without a college degree remained further below both income and wealth expectations than those with a degree in 2019.
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