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U.S. retail sales fall unexpectedly, signaling a new crack in a weakening economy
The average millennial has a net worth of $8,000. That’s far less than previous generations.
Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health-care costs pushing the average net worth below $8,000, a new study shows. The net worth of Americans aged 18 to 35 has dropped 34 percent since 1996, according to research released Thursday by Deloitte, the accounting and professional services giant.