kids stagnate

Parents Build Wealth, Adult Kids Stagnate

Posted on 03/19/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsYou always want your kids to do better than you financially, but new research suggests their future may not be as fiscally bright. A widening gap is emerging between those over and under the age of 40 when it comes to saving money, owning a home, curbing debt and building a retirement nest egg. Those under age 40 have stagnated while their parents’ generation has accumulated wealth, according to research from the nonprofit Urban Institute. Average household net worth nearly doubled …