The key to success for young adults struggling to build wealth in the aftermath of the biggest economic downturn since the Great Depression may come down to a familiar bit of advice: Mind your elders.
The Federal Reserve Bank of St. Louis published a new report chronicling the link between age and net worth. Authors William Emmons and Bryan Noeth found that although young households are likely to have more education, they're not on track to acquire as much wealth as their elders.
