LogFAQs > #980105252

While the average millennial has less wealth at the age of 35 than previous generations, the top 10% of millennials have 20% more wealth than the top baby boomers at the same age.

The authors say the top 10% of millennials have benefited from greater rewards for skilled jobs. As they put it, The returns to high-status work trajectories have increased, while the returns to low-status trajectories have stagnated or declined.

The millennials who went to college, found graduate level jobs, and started families relatively late, ended up with higher levels of wealth than Baby Boomers with similar life trajectories, according to the report.

Is the claim only 10% of millennials went to college, found graduate level job, and started families late? Millennials are definitely going to college at higher rates than baby boomers and I've seen many reports saying millennials are on average waiting longer to have kids and yet neither of those trends have moved the average in the right way. Those two factors should be way over 10%. It's the middle that's probably limiting, "found a graduate level job." And it's probably not all graduate degrees. We all know teachers forced to get their Masters aren't doing better. We're probably exclusively talking about a Masters/PhD in a STEM career, an MBA, law school, and medical doctors and yeah no shit those would be the groups to do well regardless.