Millennials have shown significant progress in preparing for retirement thanks to key economic shifts and increased financial savvy. Initially burdened by student loans and delayed milestones, Millennials faced challenges in accumulating wealth. However, recent data shows that they have caught up, surpassing Gen X and Late Boomers in net wealth-to-income ratios.
Key factors include:
- Rising home values during the pandemic
- Strategic investments in equities
- Building a stronger financial foundation
