Disparities by Race, Ethnicity and Education Underlie Millennials’ Comeback in Wealth
Kent, Ana Hernández; Ricketts, Lowell R. (2021-04-01)
In 2019, older millennials were making relative gains in terms of wealth, but the gap between actual and expected median wealth varied by demographic characteristics.
On the Economy

Assets and Debt across Generations
Gregory, Victoria; Bloodworth II, Kevin (2024-05-24)
This analysis examines the household wealth that baby boomers, Gen Xers and millennials each held at age 30, comparing these generations’ assets, debt and net worth.
On the Economy

Journal Article
Men’s Falling Labor Force Participation across Generations
Bengali, Leila; Duzhak, Evgeniya A.; Zhao, Cindy (2023-10-10)
The labor force participation rate for prime-age men has been declining for decades. About 14% of millennial males at age 25 are not in the labor force, compared with 7% of baby boomer males when they were that age. This generational gap declines substantially as groups approach middle age; the decline reflects that younger millennials enrolled in postsecondary education at higher rates and moved into the workforce later than prior generations. The convergence for millennial males suggests that the trend of men’s higher nonparticipation rates may slow in the future.
FRBSF Economic Letter , Volume 2023 , Issue 06 , Pages 6

Older Millennials Experience Pandemic Hardships Unequally
Ricketts, Lowell R.; Kent, Ana Hernández (2021-07-06)
For those born in the 1980s, hardships during COVID-19 can vary greater because of one’s race, ethnicity or educational attainment.
On the Economy

How Young Adults’ Homeownership Differs Across Generations
Gregory, Victoria (2024-07-16)
St. Louis Fed economist Victoria Gregory discusses her research on wealth, homeownership and location patterns for young adults from the baby boom to Gen Z.
On the Economy

Speech
Remarks at the Economic Press Briefing on Homeownership and Housing Wealth, Federal Reserve Bank of New York, New York City
Hirtle, Beverly (2018-05-17)
Remarks at the Economic Press Briefing on Homeownership and Housing Wealth, Federal Reserve Bank of New York, New York City.
Speech , Paper 286

Millennials Are Catching Up in Terms of Generational Wealth
Kent, Ana Hernández; Ricketts, Lowell R. (2021-03-29)
From 2016 to 2019, millennials born in the 1980s became relatively wealthier, though they still lagged in relation to wealth expectations.
On the Economy

Millennials and Older Gen Zers Made Significant Wealth Gains in 2022
Kent, Ana Hernández; Ricketts, Lowell R. (2024-02-26)
The wealth of U.S. millennials and older Gen Zers grew at an unusually fast pace from 2019 to 2022, with real estate gains driving overall asset growth.
On the Economy

How Does Gen Z Student Debt Compare with Millennials’?
Kent, Ana Hernández; Ricketts, Lowell R. (2022-08-25)
How does Generation Z’s student debt burden stack up against millennials’ at the same age?
On the Economy