Shattered Dream? Wealth Inequality among Baby Boomers and Millennials in the USA

How did wealth accumulation change between the baby boomer and millennial generations in the United States? Did millennials really experience more unstable and precarious life courses compared to the baby boomers, as is frequently assumed? And can millennials accumulate less wealth compared to the older baby boomer generation, because they experience more complex and interrupted work and family lives?

To answer these questions, Anette Fasang, Zachary Van Winkle and Rob Gruijters analysed detailed data on wealth accumulation, and work and family biographies in young adulthood for about 6,000 US-Americans.

Read their blog on the research which was featured in the Berlin Social Science Center’s recent report (in German).