The Visual Capitalist recently ran a special interest piece by Omri Wallach.  It was about the U.S. share of household wealth  – By Generation.  As young generations usher into adulthood, they inevitably begin to accumulate and inherit wealth.  But what has changed recently is the rate of accumulation.  In the U.S., household wealth has traditionally seen a relatively even distribution across different age groups.

Over the last 30 years, the U.S. Federal Reserve shows that older generations have been amassing wealth at a far greater rate than their younger cohorts.  The older have been getting richer, and the younger have been starting further back than ever before.

The following charts show Age groups, Generation Wealth and Assets held by each generation.

The author summarizes with this statement – Since it is in the best interest of societies to have wealthy generations that can drive economic growth, potential solutions are being examined all over the political sphere. They include different taxation schemes, changing estate laws, and potentially cancelling student debt.

Whatever ends up happening, it’s important to track how the distribution of wealth changes over the coming decade, and begin accumulating your personal wealth as best as you can.

The feature article by Mr. Wallach goes into much great detail and can be viewed in its entirely and the link below.

Source: Charted: The Growing Generational Wealth Gap (1989-2019)