"Survivor": Millennials vs. Gen X

[Warren Dew]

(10-02-2016, 10:24 AM)gabrielle Wrote:

(09-30-2016, 06:48 PM)Ragnarök_62 Wrote:

Eric The Green Wrote:Although, as is the case among all of us in the USA, including among Boomers, that "richest" wealth is concentrated at the top.

I think the Silents have the most wealth.

The initial article I cited said Boomers.  Others say Silents.  They seem to be based upon a 2013 report from the Federal Reserve, which I found best examined in this article:

http://www.demos.org/blog/9/8/14/wealth-...-age-group

Here is mean wealth broken down by age group:

The below-35 age group is the least wealthy and has a mean net worth of $76k. From there, it just goes up and up, topping out in the 65-74 age group at $1.06 million.
Here is median wealth broken down by age group:

These median wealth figures tell the same story as mean wealth. The below-35 age group has the lowest median wealth at $10k. The 65-74 age group has the highest median wealth at $232k.

So it looks like the wealthiest group are those born from 1939 to 1948, mainly the very latest Silents, War Baby cuspers and Aquarian Boomers.  If anyone has better information, let me know.

Both those graphs tell the same basic story:  people start saving around age 30, save until they are fully retired between 65 and 75, then start drawing down their saved wealth.  To tell which generation was the best off, you'd have to have figures on what they had or will have at the peak of their wealth.  Those figures would be hard to come by for the 75+ group, and impossible to come by for those under 65.