Analyzing data from the Federal Reserve, the above infographic illustrates the difference in debt and assets between Millennials, Gen Xers and Baby Boomers. Taking into consideration aggregate assets each generation holds, such as home equity, other financial assets like stocks, business assets, equity in a vehicle and real estate, the total debt each generation has is categorized in red. As you can see Millennials average debt is the highest out of the group. Read more about why Millennials carry more debt.
Source: How Much
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Mr. Mercurio is a Principal and the Chair of the Firm’s Business Law and Transactions Practice Group. He serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, healthcare, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management, and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
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