Photo Credit: Credit Sesame
- Average value (all millennials): $15,318
- Average value (millennials w/ holdings): $19,100
- Percent of millennials w/ holdings: 80.2%
- Average value (all Gen X): $15,524
- Average value (Gen X w/ holdings): $19,700
- Percent of Gen X w/ holdings: 78.8%
Vehicles were the most commonly held nonfinancial asset for both generations. This category is broad, covering everything from cars and RVs to boats, airplanes, and helicopters. Over 80 percent of millennial households owned a vehicle in 2016, a number that’s just slightly higher than the ownership rate among Generation X in 2001. Interestingly, while home prices (and their corresponding household asset values) have been increasing, the average value of vehicles stayed relatively consistent between 2001 and 2016.
