Summary
Collectively, millennials are now worth about $15.95 trillion, up from $3.94 trillion five years earlier, according to the most recent Federal Reserve data. More than one-third, or 37%, of Americans want a retirement that looks different from previous generations. Many millennials must contend with hefty student loan balances, mortgages, mortgages and child care costs.
Bera Daigle says millennials don't feel like they are getting ahead. "There's a lot more emphasis on choosing the work they want to do in their 60s," she says.
