Millennials Are Richer And Want Advice

September 7, 2022 by Eric Rasmussen

The wealth of millennials is rising faster than that of any other demographic group. They want advice and now want to pay for it.

That’s the upshot of a report by Cerulli Associates released last week. The consulting firm said that millennials in its research had an average net worth of more than $278,000 in 2021,which reflected a 23.1% annual increase since 2016. That was a higher growth rate than that enjoyed by other generations. The firm also said that 59% of millennials identify as advice seekers.

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Originally Posted at Financial Advisor on August 26, 2022 by Eric Rasmussen.