Millennials' Financial Woes

Burdened by significant student loan debt and the fact that many of them spent their first working years in the midst of an economic downturn, millennials are already way behind previous generations on a number of key financial metrics. That's according to a recent analysis by the Wall Street Journal.

In 2016, the average net worth of a household headed by those age 18 to 34 was roughly $92,000. In inflation-adjusted dollars, that was 40 percent lower than the worth of young households in 2001, and 20 percent lower than that of young households in 1989.

Similarly, only about a third of millennials owned homes in 2016. That's compared to half of young people in 2001 who owned homes,  and just under half of young people in 1989.