Americans aged 75 and over are now wealthiest age group

Summarised from 2 outlets · Updated 9 Oct, 15:25 · Archive

A Federal Reserve survey found families headed by people aged 75 or older are now America's wealthiest, while youngest families saw wealth decline.

A Federal Reserve survey released Friday found that families headed by someone aged 75 or older are now America's wealthiest age group. Stock market gains have driven this shift, with the richest one-tenth of American families seeing their median net worth soar 31 per cent to $3.6 million between 2022 and 2025. The youngest families saw their wealth decline over the same three-year period.

The survey, conducted every three years and last completed in 2022, found broad gains in income overall, even after adjusting for inflation, which slightly reduced income inequality. However, the proportion of Americans struggling with high debt payments and falling behind on their debt obligations jumped, reflecting the impact of higher inflation on lower-income households.

How it is being reported

• Americans 75 and older are wealthiest age group, Fed survey findsBolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.Clickorlando · 9 Oct, 15:02
• Americans 75 and older are wealthiest age group, Fed survey findsBolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.News4Jax · 9 Oct, 15:02

In this story: Federal Reserve · United States

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