By the end of the 20th century, the United States had the world’s wealthiest generation.
But according to a new report from the Pew Research Center, this wealth of the nation’s youngest generation has grown even more than its parents’.
The report finds that the median household wealth of millennials grew from $51,000 in 2000 to $78,000 by the end in 2020.
In 2030, that number jumped to $117,000.
The wealth gap between generations in America has been widening for years, with the number of millennials growing more than the total population in each of the last five decades.
The wealth gap is now larger than in any other country.
The report also found that by 2030, the median net worth of millennials was just over $200,000, compared with the $75,000 of their parents.
The Pew Research report comes just a few months after the Trump administration announced a sweeping economic plan that would make it harder for millennials to get ahead, even if they have the education, experience and savings to do so.
Pew’s report finds it is clear that young people today are far less likely to have the same kinds of advantages as their parents did, with many having limited financial resources and even limited access to higher education.
“The U.S. still has a very long way to go to meet its potential as a place where everyone has a shot at a good life, but the fact is, the American Dream is still alive,” said Laura O’Malley, director of research at Pew.
The report also showed that millennials, who have been around for a lot longer, have had far greater impact on the economy than older generations.
By 2020, nearly half of the country’s households were headed by millennials, and more than half of all working adults were millennials.
While millennials have made a big impact on economic growth, the report said, the growth in wealth and income has been much more rapid than in previous generations.
The report notes that the wealth of young adults has grown at an average rate of 5.5 percent annually between 2000 and 2030, compared to 2.6 percent for older Americans.
That gap has grown in both the wealth distribution and income distribution of Americans.
The share of the national wealth held by millennials has also grown more than 3.5 percentage points, compared a 3.4 percentage point increase for older generations, and 4.5 points for those under 35.
The study also found the share of households headed by a millennial, who are between the ages of 18 and 35, is rising, while the share held by the oldest generations is falling.
In 2030, 20 percent of all households headed the same way were headed this way.
By 2050, that figure had risen to 36 percent.
Among younger generations, however, the share headed by younger adults fell from 27 percent in 2000, to 21 percent in 2020, and to 17 percent in 2030.
Among those between the 18 and 30 age group, the trend is the opposite.
By 2030, 32 percent of households were heads of households of the same age, down from 36 percent in the 2000s.
The research shows that the growth of the wealth gap among millennials has been even more pronounced than that of older generations in the past.
This report comes as the Trump Administration is expected to unveil its long-awaited tax overhaul later this month.
Ahead of the plan, the administration has promised to lower the top marginal tax rate on the top 1 percent of earners to 25 percent.
That plan will include a major change in the way that corporations pay taxes, including the elimination of the current corporate rate of 35 percent.
The new report also shows that young Americans are far more likely than their parents to be in the workforce and are in many ways more likely to move into the middle class than their elders.
They have more than doubled the number over the last decade, from 17 percent of those between ages 18 and 34 to 26 percent.
They now make up almost half of those in the middle-income group, but less than a third of all the workers.
By 2030, millennials are expected to represent more than 60 percent of the workforce.