SAN FRANCISCO -- In new research from accounting giant Deloitte, millennials are doing far worse financially than previous generations.
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In fact, the average millennial has a net worth of only $8,000.
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For clarification, millennials are those between the ages of 18 and 35.
Deloitte says, for this group, net worth has dropped 34 percent since 1996.
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The main reasons are education, housing, health care and transportation.
Deloitte claims because of declining net worth, millennials are putting off important life decisions such as home-buying and marriage.