'The baby boomers have arrived': How Americans over 75 got richer than other age groups
Americans aged 75 and older have become the richest age group in the US, according to the Federal Reserve's Survey of Consumer Finances. This group has seen significant growth in wealth and income since 2022, outpacing other age groups. The median net worth of this age group has increased substantially, with some reports indicating they now hold more wealth than any other age group.
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- ✓ Americans 75 and older are now the wealthiest age group in the US.
- ✓ The median net worth of Americans 75 and older has increased substantially since 2022.
- ✓ Families younger than 35 saw their median net worth dip.
- ✓ Older Americans' financial confidence has increased, driving resilient consumer spending.
What changed
The Federal Reserve's latest data confirms that Americans 75 and older have surpassed other age groups in terms of wealth.
Live updates
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Americans 75 and older now the wealthiest age group
Americans aged 75 and older have become the richest age group in the US, according to the Federal Reserve's Survey of Consumer Finances. This group has seen significant growth in wealth and income since 2022, outpacing other age groups. The median net worth of this age group has increased substantially, with some reports indicating they now hold more wealth than any other age group.
Why it matters
The Federal Reserve's Survey of Consumer Finances has been tracking changes in household income, wealth, and debt stress from 2022 to 2025. The data shows that older Americans have made significant financial gains, while younger age groups have seen their median net worth dip. This shift has implications for consumer spending and economic growth.
What is confirmed
- Americans 75 and older are now the wealthiest age group in the US.
- The median net worth of Americans 75 and older has increased substantially since 2022.
- Families younger than 35 saw their median net worth dip.
- Older Americans' financial confidence has increased, driving resilient consumer spending.
Still unconfirmed
- Some seniors are struggling to stay afloat despite overall wealth gains.
What to watch next
- Federal Reserve's next Survey of Consumer Finances update
- US economic growth and consumer spending trends
- Changes in debt stress and credit card debt among different age groups
confidence 95%Sources used for this update (17)
- CNBC — Americans' debt problems are flashing a warning not seen since the Great Recession
- Reuters — Fed says household income, wealth, debt stress increased from 2022 to 2025
- WSJ — Affluent and Older Americans Got Much Richer in Postpandemic Years
- CBS News — These 18 million households now rank as the richest in the U.S., new Fed data shows
- AP News — Americans 75 and older are wealthiest age group, Fed survey finds
- www.cnbc.com — Why older Americans' wealth may be helping keep consumer spending strong
- Yahoo Finance — 'The baby boomers have arrived': How Americans over 75 got richer than other age groups
- CBS News — Squeezed by inflation, more Americans are falling behind on debt payments
- USA Today — Americans' wealth and income are up, but credit card debt is too
- The Independent — US families are behind on bills at rate not seen since Great Recession of 2008
- Morning Brew — Getting older is paying off for Americans
- USA Today — The average 50-something is now worth $1.5 million
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