Millennials Are Having a Tough Time Increasing Their Wealth This is due to the rising costs of things such as college over the past 10 years. According to accounting company Deloitte, the average financial assets of those who are 18 to 35 years old are less than five figures. From 2004 to 2017, the issue has seen a jump of of 160%. This is a result of the college education fees increasing by 65% The debt is partly to blame for millennials avoiding property investments. In addition, they are paying more for essentials such as healthcare. But millennials are still young and have time to fix their financial situations. Cutting back on big expenses or starting a side hustle are good ideas. In terms of retirement, investing in an IRA can be a smart solution.
