George the original one wrote:> the Boomers are the wealthiest generation in human history
I think you give Boomers too much credit. _Some_ Boomers are the wealthiest, but _most_ Boomers have not saved enough for retirement, so how can they be wealthy?
Depends how you parse the statistics I guess. Households headed by people 75 or older have the highest median net worth of any age group.
Not too hard to see why. They weren't as profligate as their kids and their investments have also had a long time to mature.
People also seem to be losing wealth. For households headed by people 65 to 74, average median net worth dropped 17 percent; for those 55 to 64, it fell 32.6 percent, and for those 45 to 54, it dropped 39 percent. That is from a national survey compared with the time the survey was done before that. Not sure how often they do it.