The 'lost generation' of millennials born in the 1980s may never be as rich as their parents

The 'lost generation' of millennials born in the 1980s may never be as rich as their parentsMillennials born in the 1980s are at risk of becoming a “lost generation” that accumulates less wealth during their lives, according to a new report by the Federal Reserve Bank of St. Louis. From saving longer to buy a home to facing increasing living costs, millennials are balancing myriad money woes compared with previous generations. Millennials are generally defined as people born between 1981 and 1996, growing up or entering the workforce during the Great Recession.



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