From staff reports
Across all income brackets, Millennials said they don’t think they are wealthy, a new survey of 1,000 people who fall in the 23-38 age bracket conducted by LendEDU revealed.
The company set out to find out how the generation that is eclipsing the Baby Boomer generation frames personal finance and the concept of wealthy.
“The 1,000 respondents were split evenly between three income brackets, allowing us to analyze where millennials from each economic class are similar and different in their views on finance,” LendEDU research analyst Mike Brown said.
The three income brackets were divided as $49,999 or lower; $50,000 to $99,999; $100,000 or higher.
Across every income bracket, respondents overwhelmingly said that they did not consider themselves to be wealthy. (more…)