Boomers wealth is going Boom

TLDR:

The chart shows Boomers dominating wealth like a monopoly game they won decades ago—leaving younger generations playing catch-up.

Details:

Boomers’ wealth growth has been explosive, leaving younger generations far behind.

Growth Gap: Boomers’ wealth line shoots up, adding $70T since 2000, while Gen X grows slower, and Millennials barely get going after 2010, stuck under $15T. Silent Generation is already fading. Boomers rode the tech boom, cheap housing, and stock gains, while younger gens hit recessions, debt, and inflation.

They Own It All: Boomers now hold 52% of U.S. wealth—over half—while Gen X has 26% and Millennials just 9%, despite being bigger in number. Boomers own most stocks and large homes, while younger gens face sky-high housing and education costs.

What’s Next: Even with retirements and the “Great Wealth Transfer,” the gap won’t close fast. Millennials and Gen Z face student debt, stagnant wages, and weaker job security. The youth of today need to really focus on wealth building as capital allocators. The early years are critical and the youth have advantage of time... ask any boomer what they would pay to get time back!

Source: Invest Answers