{"id":1010163,"date":"2026-08-19T05:42:22","date_gmt":"2026-08-19T05:42:22","guid":{"rendered":"https:\/\/www.europesays.com\/us\/1010163\/"},"modified":"2026-08-19T05:42:22","modified_gmt":"2026-08-19T05:42:22","slug":"millennials-are-happy-with-their-finances-as-boomers-lag-behind-report","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/1010163\/","title":{"rendered":"Millennials are happy with their finances as boomers lag behind: report"},"content":{"rendered":"

Nearly half of millennials say their financial situation has improved since five years ago \u2014 under former President Joe Biden, according to a new poll.<\/p>\n

The sunny disposition <\/a>comes after the generation, who are now between 29 and 45 years old, suffered through a series of economic blows \u2014 including the Great Recession, the student debt crisis and the COVID-19 pandemic. <\/p>\n

Forty-nine percent of millennials reported they are financially better off than in 2021, according to a survey of 3,000 US adults released by Chime financial services on Tuesday.<\/p>\n

\"MillennialsMillennials are feeling better about their financial prospects than five years ago, a recent survey suggests. Halfpoint \u2013 stock.adobe.com<\/p>\n

Only 44% of Gen Xers and 40% of baby boomers said the same. <\/p>\n

And around a quarter of surveyed millennials said they were worse off, compared to roughly a third of boomers and Gen X.<\/p>\n

Millennials are earning money at a faster pace \u2014 their net worth has grown 134% since 2021, versus 32% for boomers and 40% for Gex X, according a survey from the Fed Board of Governors.<\/p>\n

They\u2019re also turning to the stock market to generate wealth. <\/p>\n

In the first three months of 2026, Millennials owned about $4.94 trillion in stocks, according to federal data. <\/p>\n

But their overall net worth is still five times less than Boomers\u2019 \u2014 thanks to lagging in home ownership. <\/p>\n

Only 25% of Millennials own a home compared to about 40% of baby boomers, according to the National Association of Home Buyers.<\/p>\n

\"BoomersBoomers and gen x are feeling less confident, and their wealth isn\u2019t growing as fast as millennials\u2019. Chanakon \u2013 stock.adobe.com<\/p>\n

The median age for first-time home buying has risen to the ripe old age of 40, the Association reported, and millennials are also slower to reach other traditional milestones <\/a>representing financial security, such as having children, according to the Chime survey.<\/p>\n

Millennials\u2019 goals and financial philosophy seem to differ based on when exactly they were born.<\/p>\n

\u201cWhere older millennials learned to survive, younger millennials are finding different definitions of success,\u201d Chime wrote in a summary of its survey results.<\/p>\n

Younger millennials are more likely to view renting as a freedom, not failure, and they have more faith in the traditional career paths, whereas more older millennials said they have given up on the idea of the \u201ccareer ladder.\u201d<\/p>\n

One explanation could be that older millennials were finishing high school and college just in time for the 2008 crash and \u201cOccupy Wall Street\u201d-era cynicism.<\/p>\n

Yet those jaded elder millennials are making money hand-over-fist.<\/p>\n

\u201cAs long as you go to age 30 or higher, the incomes of millennials are higher than the incomes of any previous generation at the same age,\u201d Kevin Corinth, a senior fellow at the American Enterprise Institute\u2019s Center on Opportunity and Social Mobility, told Bloomberg.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Nearly half of millennials say their financial situation has improved since five years ago \u2014 under former President…\n","protected":false},"author":3,"featured_media":1010164,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[658,64,26448,79,525,39623,67,132,68,1154],"class_list":["post-1010163","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-baby-boomers","tag-business","tag-debt","tag-economy","tag-finance","tag-millennials","tag-united-states","tag-unitedstates","tag-us","tag-us-news"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117120583000492391","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1010163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=1010163"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1010163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/1010164"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=1010163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=1010163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=1010163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}