The wealth of young Americans has grown rapidly after years of stagnation, thanks to the strong recovery of the U.S. economy.

Data compiled by the Center for American Progress (CAP) has found that Americans aged under 40 are outpacing other age groups when it comes to accumulated wealth, employment rates and wage growth following the coronavirus pandemic. In four years, the average wealth of households under this age has grown by almost 50 percent since 2019.