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With nearly $90 trillion in combined wealth, baby boomers are by far the wealthiest generation in the U.S., almost doubling their closest rivals, Gen Xers, at $45.40 trillion (1)
This makes boomers the wealthiest generation in history, according to the Pew Research Center (2). However, that massive fortune is unevenly distributed across the group. For instance, the median net worth of a household headed by a boomer with a bachelor’s degree or more was $1,077,200 in 2022, while a household led by a boomer with “some college education” had a median of $330,500.
Must Read – JP Morgan sees gold hitting $6,000/oz before 2027 — and a gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold – The tax breaks in Trump’s ‘big beautiful bill’ expire after 2028 — and experts say most people won’t act in time. What to do before the window closes In other words, some U.S. boomers are facing a modest retirement with tight budgets, while others are living that multimillionaire lifestyle.