A new study has found that millennials' average wealth was lower than any other generation after they entered the work force during the Great Recession.
The , published by the National Bureau of Economic Research, concluded that those born between 1981 and 1996 had less average wealth than all other age groups in the workforce in 2016, with those 75 and older enjoying the most wealth.
Researchers said among the key factors limiting millennials' wealth was the impact of the 2007 Great Recession, which affected debt-ridden young workers at a higher rate than older, more established Americans, some of whom have seen their wealth grow by as high as 60 percent following the recession.
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