Low Net Worth For 30-Somethings
(Washington, DC) A new study suggests people in their 30s have mostly nothing when it comes to having money in the bank.
The Urban Institute, a research organization, says the average net worth for people ages 29-37 is down 21% from three decades ago.
The study attributes the disparity to high college debt and a decline in home ownership.
Home ownership is a significant source of individual wealth.