Meet the average American millennial, who has an $8,000 net worth – Business Insider

Meet the average American millennial, who has an $8,000 net worth, is delaying life milestones because of student-loan debt, and still relies on parents for money

The average American millennial makes $35,592 a year. Adjusted for inflation, the annual salary of a millennial today is an estimated 20% lower than the average salary for a baby boomer at the same age, according to a SmartAsset study that analyzed data from the Bureau of Labor Statistics for millennials who were ages 16 to 34 in 2015.