Will millennial Americans ever be as wealthy as Gen X?
Millennials suffered the biggest financial blow from the Great Recession in 2009, and some have worried this group could be a lost generation when it comes to building household wealth. Although disparities and inequality still persist, there are at least some signs that generation of Americans may have been catching up to Gen X in recent years. Millennials (born 1981 to 1996) trailed Gen Xers (born 1965 to 1980) at the beginning of their adult lives, according to research by the Federal Reserve Bank of St. Louis.
