Bloomberg Surveillance · Saturday, September 12, 2026
New Federal Reserve data suggests that millennials are financially better off than previous generations at the same age. Ellen Zentner noted that millennials have caught up due to the stock market's performance and accumulated wealth. This contrasts with the struggles of millennials who graduated during the 2008 financial crisis.
“And you look today at new data from the Fed, and if you take the median age of a millennial today, they are very much better off than baby boomers were at that age, than Gen X, my generation, was at that age. Because of the stock market. Because of the stock market and the accumulation of wealth. So they've caught up.”