Summary List Placement
The Great Recession can’t take all the blame for millennials being financially behind.
The financial crisis left the oldest millennials with wealth levels 34% below where they would be if it didn’t occur, and it possibly stagnated the generation’s wages for up to 15 years after graduation, but other factors are at play.
“Younger generations have been hit particularly hard while older folk have reaped the benefits,” states a new Deutsche Bank Research report. The report highlighted five key areas where baby boomers have been luckier: