According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people.
While it is not unusual for younger people to accumulate
I believe most millennials are out of grandparents at this point
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Not really, people of the previous generations had their kids younger and life expectancy is pretty high for our grandparents. One is my grandmothers became a grandmother at 45 or so and that cousin is a first year millennial, she’s still alive and kicking, so is my other grandmother of about the same age. Some millennials have grandparents just entering their 70s!