Tag: generational wealth transfer

Visualizing US Wealth By Generation

Via ZeroHedge

In 2023, American Baby Boomers owned 52% of the country’s net wealth despite comprising only 20% of the population.

Based on Federal Reserve data, this graphic, via Visual Capitalist’s Bruno Venditti, illustrates the distribution of wealth in the United States from 1990 to 2023 by generation.

Generations are defined by birth year:

  • Silent Generation (born before 1946)
  • Baby Boomers (born 1946-1964)
  • Gen Xers (born 1965-1980)
  • Millennials (born 1981-1996)

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Broke Millennials Wait For Boomer Parents To Die For Next ‘Great Wealth Transfer’

Via ZeroHedge

Since 1980, US government debt has exploded, soaring from a modest 31% to a staggering 120% of GDP. Meanwhile, 10-year Treasury yields have plummeted from 15% to 4.8%. This resulted in a massive wealth transfer from the public to the private sector, enriching Baby Boomers in the process.

Continue reading “Broke Millennials Wait For Boomer Parents To Die For Next ‘Great Wealth Transfer’”