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Median Wealth Among Millennials

Here’s some optimism for you – more than half of Millennials, those born between 1981 and 1996, believe that they will be millionaires at some point in their lives – this according to a TD Ameritrade survey.  But as indicated by a Brookings Institution report, reality could prove to be far less pleasant. According ot that report, median wealth among Millennials in 2016 was lower than among similarly aged cohorts during any year from 1989 to 2007. 

Anirban tells us more. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.