Search
 

Millennials doing better than prior U.S. generation, paper shows

Compared with young adults from the generation prior, so- called Millennials in 2010 were more likely to own homes and retirement accounts and have bank deposits.

By Victoria Stilwell | Updated on May 08, 2014

May 8 (Bloomberg) — In spite of — or thanks to — the worst recession in the post-World War II era, the kids are alright, conclude economists at the Federal Reserve.

Compared with young adults from the generation prior, so- called Millennials in 2010 were more likely to own homes and retirement accounts and have bank deposits, according to research published this month by Lisa Dettling and Joanna Hsu, economists at the Fed in Washington. With the exception of student debt, liabilities are down for today’s young adults.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.