According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people.
While it is not unusual for younger people to accumulate
If you switch that last Fed graph to show the percentage of total wealth instead (which accounts for inflation), the under 40 category is actually at it’s highest level since 2013. It looks like it hit all-time low around 2010 at 4.8% and has steadily increased since, at the expense of the 40-54 demo.