Luxurystreetwear is gaining momentum among rich millennials. The streetwear subculture has been around for decades, but social media and the rise of athleisure have recently brought it to the forefront of fashion. Luxury brands like Gucci and Louis Vuitton are incorporating streetwear styles to their looks to appeal to millennials. […]

Rich millennials are abandoning New York. It’s the top state they’re moving from, according to a new SmartAsset study citing data from 2015-2016. They’re not the only ones – wealthy bankers in New York City are also fleeing the city’s high cost of living in search of more affordable housing. […]

Rich American millennials are making moves. SmartAsset recently ranked the top states rich millennials are moving to. As it turns out, rich millennials are heading west and south. Visit Business Insider’s homepage for more stories. Rich millennials are on the move. SmartAsset recently used IRS data from the 2017 to […]

Many millennials are buying homes later in life, but some millennials are already homeowners. To discover where rich millennials are choosing to buy homes, Trulia helped us find the most expensive ZIP codes with millennial homeowners. Many rich millennials own homes in the northeast, while others own homes out west. […]

Around 38% of millennials earning $US100,000 or more a year think they’re middle class, according to an INSIDER and Morning Consult survey. The majority of these respondents think they’re financially faring just as well or better than they thought they’d be 10 years ago and are trying to save. A […]

Becoming a rich millennial isn’t impossible. A financial planner shared the key steps people should take at milestone millennial ages – 25, 30, 35, and 40 – to build wealth. Millennials should be all about financial goals: identifying and prioritising them, carrying out both short-term and long-term goals, and reassessing […]

Rich millennials are more likely than previous generations to buy art as an investment. Some of them are turning to “art flipping” – buying art with the hopes of quickly reselling it. But millennials, who are often drawn to contemporary art, are also motivated by aesthetics and the desire to […]

Millennials are making three key decisions that are cumulatively wiping out the starter home. The typical millennial is renting longer and buying later, surpassing the need for a starter home. A delay in homeownership gives millennials more time to build wealth, meaning that for some their first home is a […]

Rich millennials are giving the luxury world a facelift. Like other millennials, they spend on experiences – but they’re opting to pay for VIP treatments and customisation. In luxury fashion, rich millennials are reinventing the meaning of expensive sneakers and streetwear. Visit Business Insider’s homepage for more stories. Rich millennials‘ […]

Rich millennials have different financial habits than the rest of their generation. Having come of age during the Great Recession, many millennials are wary of investing – but rich millennials are more embracing of it, especially when it comes to cryptocurrency and investing outside of the US. Compared to their […]

Rich millennials have different financial behaviours and habits than rich baby boomers do. Growing up in an age of technology, millennials tend to display their wealth on social media, buy luxury goods online, invest in cryptocurrency, and dress more casually. Millennials also define wealth differently, equating it more with success […]

J.P. Livingston embarked on an early retirement at age 28 with a nest egg of $US2 million. To her surprise, she continued to generate income while retired, earning more than $US60,000 in one year with less than five hours a week of work. Livingston was able to do this by […]