Photo Credit: Credit Sesame
- Average value (all millennials): $9,379
- Average value (millennials w/ holdings): $9,600
- Percent of millennials w/ holdings: 97.7%
- Average value (all Gen X): $7,752
- Average value (Gen X w/ holdings): $8,900
- Percent of Gen X w/ holdings: 87.1%
Transaction accounts, including checking, savings, money market, call accounts, and prepaid debit cards, were the most commonly held financial asset across both generations. In 2016, 97.7 percent of millennials held some form of transaction account, which is more than 10 percentage points higher than that of Generation X. In addition to a greater proportion of millennials holding transaction accounts, the average value of those accounts was also greater than those held by Gen Xers in 2001.
