ATLANTA (WAOK) – Americans in their 30s are worse off financially than their parents were at the same age.

The Urban Institute says the net worth of today’s 30-somethings when adjusted for inflation is about 21-percent below the net worth of people their age three decades ago.

Economists think a big reason for this is that traditional ways of building wealth like buying a home are disappearing.

The U.S. Census reports the number of Americans under age 39 who own their own homes has dropped significantly since 1990.


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Watch & Listen LIVE