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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.

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