Millennials might have entered the pandemic worried about their finances, but five years later, their wallets are thriving more than ever. According to Federal Reserve data, millennials' total net worth has nearly quadrupled since 2019, growing from $3.94 trillion in Q3 2019 to $15.95 trillion in Q3 2024. They've not only weathered the post-pandemic years but have also accumulated wealth faster than older generations.
Here's what changed during the last five years.
