The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

Federal Reserve Bank of Minneapolis research reveals a generational split in U.S. millennials, with those over 35 nearing boomers' wealth levels while younger peers lag. A new metric, HPOP, shows under-35 homeownership at 22% (vs. 37% in traditional measures) due to uncounted non-owners in owner-occupied homes, such as adult children or roommates.