That's according to data from a. The chart below, which highlights the percentage of US wealth held by four different age groups, shows just how financially behind the young are: Their wealth levels are below where they should be.
Essentially, those above age 55 have seen an increase in wealth over time, while those younger than 55 have seen either a decrease in wealth or failure to accumulate more of it. That downward trend in wealth is notably centered around Gen X and millennials, who are between ages 39 to 54 and 23 to 38, respectively. Boomers are ages 55 to 73,Wealth for those above age 55 has increased, while wealth for those younger than 55 has decreased.
Notably, the latter group — millennials — didn't see as sharp of a decline in wealth as the former. Wealth levels also plateaued around the mid-2000s for millennials, which could be because they are younger and had less time to build wealth in the first place, while wealth for the 40 to 54 bracket continued to decrease. Gen X saw its overall share of American wealth plummet from roughly 35% in the early 2000s to 20% in 2019.
DBChirpy indicators how they will vote. Who put them behind the 8 ball and who is actively working to get their votes.
Gex x? Where did this intern attend school?