Summary
Baby Boomers, born between 1946 and 1964, have become the wealthiest generation in U.S. history, holding over half of the country's household wealth. This generation benefited from economic factors like accessible homeownership, strong labor markets, affordable education, and favorable tax policies. As they age, how they handle their wealth will impact future generations.
Key Facts
- Baby Boomers began reaching age 80 in 2026.
- They control more than half of all U.S. household wealth, totaling about $82 trillion.
- Generation X holds around $42 trillion, and Millennials have about $16 trillion.
- Economic factors like postwar wage growth and strong unions contributed to Boomer wealth.
- Affordable homeownership in earlier decades increased their asset values.
- College education was cheaper, boosting their income potential without heavy debt.
- Tax policies favored investments, allowing Boomers to grow their wealth steadily.
- Boomers were influenced by the Great Depression, leading to frugal saving habits.
