Study: 30-somethings worse off than their parents wealth-wise

A new study by the Urban Institute shows that the net worth of people in their 30s is down 21 percent compared to that of people of the same age in the early 1980s .

According to CBS News, important assets like having a home or being debt-free from college loans were traditional ways of building wealth, but those things are now disappearing.

Buying a home has been a historic source of wealth, but since 1990, there’s been a significant drop in home ownership for people under age 39, according to the U.S. Census.

And college debt?

According the Federal Reserve of New York, has more than tripled in just the last 10 years.

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