Despite record wealth, young Americans (25-39) report growing economic insecurity. The Treasury Department notes a surge in net worth since 2010, but also highlights rising non-housing debt, escalating costs for housing, healthcare, and childcare, and increased competition for jobs and housing from older generations.
Young adult Americans are richer than ever before but, according to the Treasury Department, they still feel “an increasing sense of economic fragility.”released by the department Wednesday showed that real median wealth for Americans between 25 and 39 climbed to $80,500 in 2022—an increase from $23,750 in 2010, as measured in 2023 dollars.
during a papal visit in 2021, the pontiff revealed in his upcoming autobiography. His advisors had warned him against making the three-day trip, which required intense security after years of rising sectarian violence. The country was also in the grip of the COVID-19 pandemic, heightening the risks. But Pope Francis felt he had to go, he wrote in a book except published by the Italian daily.
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ECONOMY WEALTH YOUNG ADULTS DEBT INFLATION
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