"Families under 35 saw their median net worth more than double from $16,100 in 2019 to $39,000 in 2022, marking a 143% increase, the largest among age groups. However, they still sit at the bottom of the age distribution, with families aged 65 to 74 having a median net worth of $409,900, over ten times that of the youngest cohort."
"The median net worth for families under 35 is $39,000, while the median for older age groups climbs steadily, illustrating a significant generational wealth gap. The gap between the youngest and oldest brackets is roughly $370,000 at the median, emphasizing that percentage growth and dollar growth refer to different aspects of wealth accumulation."
Families headed by individuals under 35 experienced a 143% increase in median net worth from 2019 to 2022, rising to $39,000. Despite this growth, they still have the lowest median net worth compared to older age groups, with families aged 65 to 74 having a median of $409,900. The median is a more accurate measure than the average for this cohort, as it is less influenced by high earners. The data shows a consistent increase in median net worth with age, highlighting the generational wealth gap.
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