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WSJ Your Money Briefing

Millennials Are Now Wealthier Than Generations Before at the Same Age

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 16 August 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

They were the generation financially falling behind. But now, millennials have become wealthier than previous generations were at their age. WSJ personal finance reporter Joe Pinsker tells host Ariana Aspuru how the shocking turnaround is influencing their decisions about money. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:11.0

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street. Here's your money briefing for Friday, August 16th. I'm

0:22.1

Ariana Sputu for the Wall Street Journal, filling in for J.R. Waylan.

0:29.0

millennials were once seen as a generation always playing catch up, behind on building wealth, getting married, and having kids.

0:38.0

But now millennials are wealthier than previous generations were at their age.

0:43.0

And the turnaround has been so dramatic that they can't believe it either.

0:48.0

There's this feeling maybe that it could disappear.

0:51.0

And that's a really potent and scary feeling for people who during

0:57.1

their formative years witnessed the Great Recession. And so even if many people in this generation

1:02.0

have been very successful,

1:04.4

there still is that sensation of looking over their shoulder and sort of

1:08.6

waiting to see the next thing that happens.

1:10.8

Wall Street Journal personal finance reporter Joe Pinsker joins me. After the break. TnB Tech Minute gives you the day's top tech headlines featuring newsmakers that shape

1:29.2

the tech world and beyond like Open AI CEO Sam Altman.

1:33.7

The two things that I think will matter most

1:36.3

over the next decade are abundant and inexpensive.

1:40.5

Intelligence and abundant and cheap energy.

1:43.0

And if we can get these two things,

1:45.0

then it's almost difficult to imagine how much else we could do.

1:49.0

Check out T&B Tech Minute in the tech news briefing feed

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