And 50-somethings are Gen X, not boomers. I'm 52 and have a chunk of change but not $1 mil. I thought I was super fortunate. I had no idea I'm actually below the mean? So bizarre. Now I see I'm a massive failure, thanks a lot 😂 jk
Replies
Wealth is heavily skewed to the right (graph). Median is a better metric to where you rank. Distribution, in general, is the issue. Older generations have simply benefited more than the others as a result. Not hoarding wealth does not make you massive failure ;) get out and spend it!
aug 31, 2025, 7:16 pm • 0 0 • view
From the article: “If you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.”
sep 1, 2025, 1:34 pm • 2 0 • view
“The “median” American household – picture the middle number in a long list of numbers – achieves a net worth of about $300,000 in the 50-to-59 age range, a far cry from $1 million.”
sep 1, 2025, 1:35 pm • 1 0 • view