Forecasting the Growth of Millennial Wealth in the US
In collaboration with Wealthfront, this report forecasts how millennial wealth in the US will grow over the next two decades, providing breakdowns of wealth gains across asset classes and income bands.
US millennial wealth is forecast to grow at nearly twice the rate of total US wealth meaning this cohort are on track to accumulate $140 trillion in wealth by 2045. This forecast does not include future generational wealth transfers, which demonstrates that millennials are independently earning and saving more – paving the way for a major shift in generational wealth.
This analysis goes further than simply providing an estimate of growth in total millennial wealth. It shows that wealth growth is driven by equities and pensions which see the highest level of asset accumulation at 12.9% and 13.6% per year respectively. It also shows that, while all income groups are poised for gains, millennial households with incomes above $229,900 are projected to see the largest increase in wealth.

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