The generation that has been largely hammered by the economy for the past dozen-plus years is actually feeling optimistic about their financial outlook. That’s despite economic uncertainty and high inflation, and the looming dread of paying off their student loans again.
Roughly six out of 10 millennials (ages 27 to 42) feel good about their finances, according to new research from Ameriprise Financial, which surveyed 3,518 U.S. adults ages 26–77 who had at least $25,000 in investable assets. For context, middle-class millennial households had an average of $17,800 in financial assets in 2019, according to National Institute on Retirement Security's analysis of the latest Federal Reserve data available.
