The average millennial's net worth grew from $64,000 to $111,000 between the first quarter of 2020 and 2022.
But just two years later, as of the first quarter of 2022, the average millennials' net worth surged to $111,000.
As of the fourth quarter of last year — the most recent measure – millennials' average net worth had fallen to roughly $106,000.
And what are the key factors that could impact millennials' wealth trajectory in the years to come?
According to Ricketts, millennials' net worth has "plateaued" — rather than notably declined — over the past year.
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