NET WORTH OF MILLENNIALS HAS QUADRUPLED: WHY SOME CALL IT ‘PHANTOM WEALTH'

Summary from the TLDR Marketing newsletter

Millennials' net worth has increased, primarily due to rising home values. However, many still don't feel wealthy due to the concept of "phantom wealth" - assets like home values or retirement plans that are illiquid and don't impact day-to-day cash flow. Inflation and debt have kept millennials feeling financially stretched despite higher income and rising wages, with many identifying as "high earners, not rich yet" due to increased living costs.