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Author Topic: There are 618,000 millennial millionaires in the US  (Read 622 times)

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Offline OfTheCross

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There are 618,000 millennial millionaires in the US
« on: October 31, 2019, 07:26:05 pm »
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There are 618,000 millennial millionaires in the US, and they're set to inherit even more wealth from their baby boomer parents, according to a new report by Coldwell Banker.


The "Great Wealth Transfer" will see an estimated $68 trillion passed down from boomers over the next 30 years.


By 2030, millennials will be five times richer than they are today.

Businessinsider.

Apparently 44% of those millionaires live in California. Silicon Valley is making the youth rich
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Offline IsailedawayfromFR

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Re: There are 618,000 millennial millionaires in the US
« Reply #1 on: October 31, 2019, 10:13:44 pm »
A millionaire in California is not the same as in other states.  A California millennial millionaire secluded in Silicon Valley may not even know it.

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Offline Free Vulcan

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Re: There are 618,000 millennial millionaires in the US
« Reply #2 on: October 31, 2019, 11:09:37 pm »
Quote from: IsailedawayfromFR on October 31, 2019, 10:13:44 pm
A millionaire in California is not the same as in other states.  A California millennial millionaire secluded in Silicon Valley may not even know it.

Alot of those so-called Millennials are really Gen X, and screw Pew Research for saying otherwise.

But you're right. Old school wisdom: it ain't what you make, it's what you keep, and a million don't go that far in Cali or NYC.

Which is a big part of the problem. All those little millennial geniuses - real and self-proclaimed - might be so in all that is tech related, but ususally don't know jack about money, finance, economics, and markets.
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Online DB

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Re: There are 618,000 millennial millionaires in the US
« Reply #3 on: October 31, 2019, 11:28:12 pm »
I suppose that means they own a house in the bay area...
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Re: There are 618,000 millennial millionaires in the US
« Reply #4 on: November 01, 2019, 12:38:46 am »
Quote from: OfTheCross on October 31, 2019, 07:26:05 pm
Apparently 44% of those millionaires live in California. Silicon Valley is making the youth rich

Bet 50% of the 44%  are still living in their parents basements.
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