- Despite making up the largest portion of the workforce, millennials controlled just 4.6% of U.S. wealth through the first half of 2020, according to data from the Federal Reserve.
- Baby boomers control over 53% of the country’s wealth, while Gen X accounts for just over 25% and the silent generation holds around 17%, according to the Fed’s data, which breaks down U.S. wealth in the beginning of 2020 by age, class and race.
- In 1989, when baby boomers were around the same age as millennials are today, they controlled 21% of the nation’s wealth. That’s almost five times as much as what millennials own today.
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