Baby Boomers hold $93 trillion in assets, with top 10% considered upper class
America’s Baby Boomers have amassed $85 to $93 trillion in aggregate assets.
The wealth is not evenly distributed, with 53% of peak boomers having less than $250,000 in assets.
This wealth divide suggests only a small portion of Boomers are on track for a comfortable retirement, with the top 10% considered upper class.
The significant wealth gap within this age group highlights the need for strategic retirement planning, with some individuals requiring over $1.7 million or $3 million to maintain their lifestyle, while others may need less, such as $1.8 million or $250,000, depending on their circumstances, and a total of $93 trillion in assets held by this generation, with 1.8 million or 3 million individuals impacted by this wealth disparity