According to a new article, the old Americans have seen a tremendous increase in their wealth in recent years, while other age groups have not been so fortunate.
During the recent 40 -year period, between 1983 and 2022, now the relative of 75 years and older people is “rapidly emerging”, while the wealth of all age groups has decreased, New York University expert Edward Wolf Wolf Written in a new article. Americans whose wealth has surpassed all other races are a part of older people Baby Boomers The group, or those born before the 1950s.
Wolf used the Federal Reserve Survey of consumer financing To compare two ages groups – 35 years of age and younger and younger – and important factors running the generation of generation of wealth -owned factors have high house -owned rates, high stock ownership and mortgage low debt at home.
Related: Home sellers are now far more than the number of buyers in record numbers. What does that mean for home prices?
This is the old kids boomers become so rich:
Home owned rate
According to American Census BureauBaby Boomers owns about 40 % of all available houses in the United States, though they have only 20 % of their population. National Association of Realtters It was estimated in April that Baby Boomer Generation participated 42 % of all home buyers, with about HALF half boomers buying home with cash.
Meanwhile, a Freddie Mac Report From February 2024, it has been revealed that, as the age of the Baby Boomers, the reduction in home ownership will cause 9.2 million homes to market by 2035. In 2022, the generation owned 32 million homes in the United States, but Freddie Mac predicted that the number would be 23 million by 2035.
Meanwhile, National Association of Realtters It is estimated that home prices have doubled from 2014 to 2024, which has increased from an average of $ 217,100 in 2014 to $ 418,700 after a decade. In July 2025, middle -house prices were targeted to another Record high.
Stock
When it comes to stock ownership, boomers also stand. According to Kobisi letterA comment on global markets, boomers received 54 % of US corporate stocks and mutual funds in the first quarter of the year, while for thousands of years it was only 8 %.
The Kobisi letter wrote in a post on X, “Generation Wealth Division is widespread.”
The ownership of American Equity is heavy toward older generations:
The Baby Boomers have now contributed 54 % of the US Corporate Equity and Mutual Fund share, which is slightly less than 57 % in Q1 2020.
In comparison, only 8 % of the thousand -year -olds owns 8 %, which is more than ~ 2 % in 2020.
General X accounts … pic.twitter.com/4ofwerslpq
– Kobisi letter (@Cabasiletter) July 14, 2025
Home mortgage debt
Household mortgage loan, which refers to the amount of money owed to the house, is particularly low for older generations. According to BankingIn the last quarter of 2024, the average mortgage balance was $ 194,334 for Baby Boomers – which is far less than 312,014 balances attributed to thousands of years (aged 28 to 43 years) or 3 283,677 balances associated with General X (Age 44 to 59 years).
The mortgage debt is in the overall trend. American mortgage had an average debt 2 252,505 According to the Credit Bureau expert, in 2024, from the previous year, close to 8,000, according to the Credit Bureau Expert.
Related: According to a new report, it is how much you need to earn every year to buy a normal home in the United States
According to a new article, the old Americans have seen a tremendous increase in their wealth in recent years, while other age groups have not been so fortunate.
During the recent 40 -year period, between 1983 and 2022, now the relative of 75 years and older people is “rapidly emerging”, while the wealth of all age groups has decreased, New York University expert Edward Wolf Wolf Written in a new article. Americans whose wealth has surpassed all other races are a part of older people Baby Boomers The group, or those born before the 1950s.
Wolf used the Federal Reserve Survey of consumer financing To compare two ages groups – 35 years of age and younger and younger – and important factors running the generation of generation of wealth -owned factors have high house -owned rates, high stock ownership and mortgage low debt at home.
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