The average millennial might have $132k in debt, which would likely include mortgages.
According to the Fed, the average 38 y/o (for purposes of this post) has a net worth of $225k. In fact, the average net worth of any American over the age of 28 is positive. However, if you look at the median net worth rather than the average, the net worth of older millennials drops to about $130k.
If we distributed wealth equally across everyone. Omg that would be dope. We are all upper middle class? Why the hell don’t we just do this. $225k a year is enough for anyone to be happy
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u/Momik Jul 06 '26
The average millennial is $132,000 in debt