Millennials Have Smaller Net Worth Than Those Without High Schools Degrees

If you don't have a high school degree, there is nothing to be ashamed of. New research shows that you're probably still making more than half of the millennial generation.

The Federal Reserve's Survey of Consumer Finances tracked the net worth of American families over the course of a year. They split their findings into groups based on income, education and age.

The findings show that half of millennials only have a net worth of $10,400. The survey defines the millennial generation as someone under 35-years-old.

Those without high school diplomas were found by the Federal Reserve to have a net worth of $17,200 - the second lowest in the groups surveyed.

The group with the highest net worth, according to the survey, is those between 65 and 75 years old.

Millennials likely have such a low net worth due to low incomes, student debt, they engage in stocks less, and many don't own homes, as reported by the Wall Street Journal.

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