These 18 million households now rank as America's richest
Summary
The oldest group of Americans, households led by someone aged 75 or older, now has the highest median net worth at $504,000, according to a recent Federal Reserve survey. Wealth and income increased most for this group between 2022 and 2025, while younger families, especially those under 35, saw declines in their net worth.Key Facts
- Households with heads aged 75 or older have the highest median net worth: $504,000 in 2025.
- This group’s median annual income rose 24% since 2022, reaching $67,000.
- Wealth for households led by people aged 65 to 74 grew by 37% between 2022 and 2025.
- The stock market, especially gains in the S&P 500, helped boost wealth during this period.
- Fidelity reported a record 769,000 401(k) accounts with at least $1 million in the second quarter of 2025.
- The richest 10% of families saw their median net worth rise 31% to $3.6 million.
- About 20% of U.S. households were behind on debt payments in 2025, up 7 percentage points since 2022.
- Households led by people younger than 35 dropped 23% in median net worth to $33,000 due to lower business equity gains.
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