The ‘lost generation’ of millennials born in the 1980s may never be as rich as their parents

Millennials born in the 1980s are at greater risk of accumulating less wealth during their lives, according to a new report by the Federal Reserve Bank of St. Louis. Matt Cowan / Getty


From saving longer to buy a home to facing increasing living costs, millennials are balancing myriad money woes compared to previous generations.

All of these hurdles combined mean they’re at risk of accumulating less wealth during their lives. As a quick recap, millennials are defined as the generation born between 1981 and 1996, growing up or entering the workforce during the Great Recession.

Those born in the 1980s are at the greatest risk of becoming a “lost generation” for wealth accumulation, reveals a new report by the Federal Reserve Bank of St. Louis.

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