Affluence in America: Baby Boomers Control Nation’s Wealth, but Shifts are Underway
By a wide margin, Baby Boomer households control more wealth than any other generation, according to market research firm Packaged Facts in the brand new report The Financial Services Market: Affluent and High Net Worth Consumers, 8th Edition.
Packaged Facts estimates that in 2019 Baby Boomer households garner 54% of total U.S. household net worth, followed by Generation X and Silent Generation/Senior households. Well behind, Millennial households contribute only 4% of total U.S. household net worth.
Despite current trends, Packaged Facts’ research reveals that major generational shifts are underway ...
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