Baby Boomers Own Over Half of the Wealth in America

What We’re Showing

The distribution of wealth in the United States from 1990 to 2023, by generation, according to data from the Federal Reserve. Distributions by generation are defined by birth year: Silent Generation - born before 1946, Baby Boomer - born 1946-1964, Gen X - born 1965-1980, and Millennial - born 1981 or later.

Key Takeaways

• American Baby Boomers, who make up 20% of the country's population, owned 52% of the country's net wealth in 2023.
• Gen X's share of American wealth rose from 15% in 2013 to 26% in 2023. Millennials' share increased from 1.4% to 9.2%.