re: Millennials make more money than any other gen. did at their age, but are way less wealthy

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This doesn't mean what the author thinks it means. We have just experienced a 20 year, Federally protected bull market in domestic equities. If a millenial hasn't grown their wealth it's because they are choosing to YOLO at the club instead of saving.

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Or maybe they are paying off student loans?

This is coming from a millennial who doesn't have student loans and paid for 2 graduate degrees in cash.