Millennials are now wealthier than previous generations were at their age. They can’t believe it either.

The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000 in 2019, according to inflation-adjusted data from the Federal Reserve Bank of St. Louis. Median wealth more than quadrupled to $41,000 for Americans born in the 1990s, which includes the generation’s youngest members, born in 1996.

The turnaround has been so dramatic that millennials—mocked at times for being perpetually behind in building wealth, buying homes, getting married and having children—now find themselves ahead.

Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.

Though S&P 500 earnings are still on an upswing, investors must beware that AI-driven firms aren’t just boosting each other’s profits.

From Dow Jones Newswires

Looking beyond the overall uptick in U.K. inflation, July's data will provide the Bank of England with further reassurance that key price pressures, such as within services, are continuing to moderate, perhaps even sooner than expected, says Moody's Analytics. That said, the news probably isn't sufficient to trigger another rate cut at the BOE's next meeting in September, given that services inflation is still uncomfortably high, senior economist David Muir says in a note. "Having already started to lower rates, the bank's monetary-policy committee can afford to wait until November to cut again, when it will be even clearer that upside risks around the inflation outlook are receding," Muir adds. ([email protected])

apital spending in the Canadian auto sector is expected to reach C$6 billion in 2024, which DesRosiers Automotive Consultants says would mark a high point based on over three decades of data. The firm says about three-quarters of the investment is focused on machinery and equipment required for assembly plants. A number of factories are undergoing retooling to prepare for the production of new models, and some of those details are still in flux--with DesRosiers citing Ford's decision to make F-series pickup trucks in Oakville, Ont., after pivoting from planned EV production. "What is clear is the immense scope of the changes that the industry is undergoing," DesRosiers says. Bank of Canada expects a pickup in business investment to offset consumer-spending weakness. ([email protected]; @paulvieira)

The president of Schaffer Private Wealth Group discusses the importance of discipline and temperament and identifies the five criteria he seeks in long-term investments.

Stretched consumers, selective grocers and more store brands are squeezing already competitive shelf space.

After a California animal-welfare law took effect, feared pork shortages haven’t materialized. But the Golden State is paying higher prices.

Company directors are trying to get a handle on artificial intelligence as its use soars, bringing potential productivity gains—but also raising the prospect of employee blunders.

Forget snaking airport lines and chat bots. These veteran travelers jump in to (try to) save the day for their loved ones.

Buy Side from WSJ: What Is an ETF?

The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron's, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery. 

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