Net worth of Americans aged 18 to 35 has dropped -34% since…
Net worth of Americans aged 18 to 35 has dropped -34% since 1996. Meanwhile, the cost of living has skyrocketed.
Education costs +65%
Health care costs +21%
Food costs +26%
Housing costs +16%
The status quo needs to be broken.
(Ryhtmtrader's info)
Replies
The rise in education cost, and the associated debt which people choose to take on to pay for it, likely accounts for most of the loss of net worth. Time to seriously reconsider cost/reward on education.