The graphic provides a clear comparison of wealth accumulation across Baby Boomers, Generation X, and Millennials at different stages of life, particularly when each cohort was in their 40s, 50s, and 60s:

### **Baby Boomers**

- **In their 40s (1990):** Controlled about **30% of national wealth**.

- **In their 50s (2000):** Their share grew significantly to around **45%**.

- **In their 60s (2019):** Peaked at over **50%**, dominating wealth ownership.

### **Generation X**

- **In their 40s (2019):** Controlled approximately **25% of national wealth**, far less than Baby Boomers did at the same age.

- **In their 50s (future projection):** Expected to increase their share but unlikely to match Boomers' dominance.

### **Millennials**

- **In their 30s (2019):** Held less than **10% of national wealth**, significantly lagging behind both Boomers and Gen X at comparable ages.

- **In their 40s (future projection):** Likely to see modest growth, but structural challenges such as high housing costs and slower income growth may limit wealth accumulation.

### Key Observations:

- Baby Boomers amassed wealth earlier and in greater proportions due to favorable economic conditions like affordable housing markets and strong equity returns during their prime earning years.

- Generation X has been slower to accumulate wealth but has shown resilience, particularly in recovering from the Great Recession.

- Millennials face the steepest challenges, with delayed homeownership, student debt burdens, and slower income growth contributing to their lower share of wealth.

Sources

[1] image.jpg

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[3] Gen X overtakes Baby Boomers in wealth stakes - SMSF Adviser https://www.smsfadviser.com/news/24121-gen-x-overtakes-baby-boomers-in-wealth-stakes

[4] Millennials are just as wealthy as their parents - Quartz https://qz.com/millennials-are-just-as-wealthy-as-their-parents-1850149896

[5] U.S. wealth distribution over time by generation 2024 - Statista https://www.statista.com/statistics/1376622/wealth-distribution-for-the-us-generation/

[6] Millennials Are Now Wealthier than Baby Boomers Were https://www.joshuakennon.com/millennials-are-now-as-wealthy-as-baby-boomers-were-at-the-same-age/

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[8] Meet The 'Sandwich Generation': Gen Xers Are Burnt Out ... - Bankrate https://www.bankrate.com/personal-finance/gen-x-financial-stress/

[9] With Millennials only controlling 5 % of wealth despite being 25-40 ... https://www.reddit.com/r/FluentInFinance/comments/16875jk/with_millennials_only_controlling_5_of_wealth/

[10] Great Recession Cut Late Boomers' Retirement Wealth https://crr.bc.edu/great-recession-cut-late-boomers-retirement-wealth/

[11] Great Wealth Transfer: How Gen X, millennials are innovating family ... https://www.cnbc.com/2024/12/23/great-wealth-transfer-how-gen-x-millennials-are-innovating-family-offices.html

[12] Millennial vs. boomer wealth gap has doubled since 1960s and 1970s https://fortune.com/2022/10/27/millennials-versus-boomers-wealth-gap-doubled/

[13] Figures and data in The Baby Boomers Revisited https://www.microsimulation.pub/articles/00284/figures

[14] [OC] Wealth by generation : r/dataisbeautiful - Reddit https://www.reddit.com/r/dataisbeautiful/comments/ebjq9h/oc_wealth_by_generation/

[15] Will Today's Millennials Ever Live in a More Equal USA? https://inequality.org/article/will-todays-millennials-live-in-a-more-equal-united-states/

[16] The Greatest Wealth Transfer in History Is Here, With Familiar (Rich ... https://www.nytimes.com/2023/05/14/business/economy/wealth-generations.html

[17] What the evolution of wealth management means for Generation X ... https://advisorygroupsf.com/what-the-evolution-of-wealth-management-means-for-generation-x-and-retirement/

[18] This depressing chart shows the jaw-dropping wealth gap between ... https://www.marketwatch.com/story/this-depressing-chart-shows-the-jaw-dropping-wealth-gap-between-millennials-and-boomers-2019-12-04

[19] Net Worth for Baby Boomers: How Do You Stack Up vs. Your ... https://www.nasdaq.com/articles/net-worth-baby-boomers-how-do-you-stack-vs-your-generation

[20] The Formidable 40s: High earning, high spending Generation X are ... https://www.experianplc.com/newsroom/press-releases/2018/the-formidable-40s-high-earning-high-spending-generation-x-are-largest-contributors-to-uk-economy

[21] How Millennials compare with prior generations https://www.pewresearch.org/social-trends/2019/02/14/millennial-life-how-young-adulthood-today-compares-with-prior-generations-2/