(Bloomberg) -- The key to success for young adults struggling to build wealth in the aftermath of the biggest economic downturn since the Great Depression may come down to a familiar bit of advice: Mind your elders.
The Federal Reserve Bank of St. Louis published a new report chronicling the link between age and net worth. Authors William Emmons and Bryan Noeth found that although young households are likely to have more education, they're not on track to acquire as much wealth as their elders.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access