FORECASTINGTHEGROWTHOFMILLENNIALWEALTHINTHEUSWealthfrontApril2025ContentsSection1Methodologicaloverview03Section2Keyfindings05Section3Appendix102MethodologyoverviewMethodologicalapproachWeuseabottom-upapproachthatfollows8coresteps.TheUSmillennialwealthforecastcombinesincome,savings,andwealthtrendsseeninpreviousgenerationswithmacroeconomicforecastsfromOxfordEconomics’GlobalEconomicModel(GEM).1CalculatetheevolutionofthesavingsratefortheaverageUSmillennialhouseholdrelativetothenationalsavingrate.2Forecasttheevolutionofhouseholdincomefortheaveragemillennialhouseholdrelativetonationalincomelevels.3Estimatetheevolutionofassetallocationformillennialhouseholds...
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