The new class war: A wealth gap between millennials

The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment. While the average millennial has less wealth at the age of 35 than previous generations, the top 10% of millennials have 20% more wealth than the top baby boomers at the same age. The surge in wealth among millennial heirs is also creating a lucrative new market for wealth-management firms, luxury companies, travel firms and real estate brokers. Tensions between millennial classes are likely to escalate as more wealth is transferred in the coming years.