Americans Under 40 Have Seen the Fastest Wealth Growth Since the Pandemic

What We’re Showing

The percentage change in inflation-adjusted average wealth by age group from Q4 2019 to Q4 2023. Groups are based on the age of each household’s main provider. In this context, wealth is measured by the value of a household’s assets, including stocks, bank accounts, and real estate, minus its liabilities, such as mortgages and student loan debt.

Key Takeaways

• The average wealth of households where the main provider was under 40 grew by $85,000 during this time period—from $174,000 to $259,000. That's an increase of nearly 50%.
• Average wealth fell by 7% for households aged 40 to 54, the only age group for whom growth was negative.