Wealth Concentrated in Older Generations
Federal Reserve data shows that 73.7% of US wealth is held by those over 55, a significant increase from 56.2% in 2000. The White House highlights core inflation at a five-year low with wage growth outpacing it.
This trend is driven by factors like higher homeownership rates and significant stock ownership among older Americans. Simultaneously, they carry lower levels of mortgage debt compared to younger generations. Baby Boomers hold a substantial portion of U.S. wealth, with over half of all assets in 2025 belonging to this generation. In contrast, Millennials and Gen Z hold a significantly smaller share despite representing a larger portion of the population. The wealth gap isn't just generational; it's also evident within generations. Some millennials are doing better than their boomer counterparts, but many are facing economic challenges such as low-paying service jobs and difficulty in accumulating wealth.
