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Top related persons:
Rob Gruijters - 2 Robert Frank - 1 Zachary Van Winkle - 1 Anette Eva Fasang - 1 Mark Zuckerberg - 1 Sam Altman — - 1
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Boomers - 1 New York Federal Reserve - 1 England's University of Cambridge - 1

Search resuls for: "Rob Gruijters"


2 mentions found


☆ The new class war: A wealth gap between millennials
  + stars: | 2024-04-26 | by ( Robert Frank | ) www.cnbc.com   time to read: +2 min
The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment, according to a recent study. According to the study, the average millennial has 30% less wealth at the age of 35 than baby boomers did at the same age. Yet the top 10% of millennials have 20% more wealth than the top baby boomers at the same age. The study finds that millennials — typically defined as those between the age of 28 and 43 today — have faced repeated financial headwinds. The millennials who "went to college, found graduate level jobs, and started families relatively late," ended up with "higher levels of wealth than Baby Boomers with similar life trajectories," according to the report.
Persons: Robert Frank, Rob Gruijters, Zachary Van Winkle, Anette Eva Fasang, Mark Zuckerberg, Sam Altman — Organizations: Boomers
☆ Younger generations have gained more wealth than other age groups since 2019, study says
  + stars: | 2024-02-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +2 min
Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study. The wealth increase far outpaced that of older generations. The biggest driver of the wealth gains for younger generations was stocks, according to the study. The study said that younger generations received larger stimulus checks during the pandemic and used the funds in part to buy stocks. As the stock market hovers near record highs, the wealth gap between the younger and older generations may continue to narrow.
Persons: Rob Gruijters Organizations: New York Federal Reserve, England's University of Cambridge
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