The inflation-adjusted average net worth of households headed by someone age 40 or under was around $174,000 at the end of 2019.
That number grew by $85,000 to hit $259,000 by the end of 2023, CAP found.
But compared with where it was before the pandemic, young Americans' wealth appears to be on the come up, per CAP's analysis.
Struggles to buy homes, pay off student debt and save for retirement have plagued many millennials' and other young adults' financial outlooks since they entered adulthood.
But now, as the bulk of the millennial generation enters their mid-30s, they seem to be catching up.
Persons:
Zers, —
Organizations:
Center, Federal Reserve, CAP