Elderly Hold Most US Wealth

A recent study indicates a stark generational divide in American wealth over the past three years. The wealth of seniors (75 years and older) has increased by 38%, surpassing $140 trillion, while the wealth of young people (under 35) has decreased by 23%, falling to approximately $33,000. Seniors now own about 75% of the country's net wealth—a significant increase compared to three years ago—with assets concentrated in real estate and stocks, which have doubled in value. In contrast, young people hold fewer assets, whose values are rapidly eroding. This gap is linked to concerns about the emergence of an aging ruling class and disparities in economic and educational opportunities. Moreover, homeownership among young people is declining, deepening the economic and social divide between generations.

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