A new generation, according to a new report, is finding themselves wealthier than their parents.
According to the Wealth-X report, an online platform that tracks wealth, the median net worth of American adults in the US is now $2.5 million, compared with $2 million in 1999.
The average net worth among millennials has jumped from $2,700 to $5,000, according the report.
The median net-worth of Americans has jumped to $2 in the last five years.
The rise in wealth is largely due to the explosion in tech companies and new businesses in the past decade, the report said.
The wealth gap between millennials and their parents has widened, with one in five Americans aged 25 to 29 owning less than $10,000 in assets.
The report notes that the median wealth of millennials is $1.6 million compared with the $1 million of their parents’.
The wealth gaps have widened as millennials have grown up, but it has also widened the gap between rich and poor, with the gap increasing in recent years.
The gap between wealthy and poor has narrowed in recent decades, but has also narrowed among African Americans, Latinos and the young, the researchers found.
There is also an “exponential increase in inequality”, according to the report, with incomes for the top 20 percent of Americans now about 40 percent higher than those of the middle and bottom 20 percent.
The Wealth-x report noted that a recent study found that Americans with college degrees have an average net income of $16,000 a year.
This is the same as a person with a high school diploma or less.
The wealth of people in the top 1 percent has increased from $15.5 trillion in 2000 to $18 trillion in 2016, the study found.
The report found that while millennials have had a lot of success in life, they still struggle with the challenges of growing up, including job security, education and housing.
Millennials are also more likely to have had an early-stage baby, with 41 percent of children born to millennials between 1997 and 2017 having a baby.
“The challenges of making the transition to adulthood and the challenges associated with having a child are compounded by a greater likelihood of having a financial strain when the child is young, particularly for women,” the report found.
“Women who have a higher household income are more likely than other women to be able to meet the cost of raising a child.”