The total wealth of Americans under 40 increased 80%, to $9.5 trillion, between the first quarter of 2019 and the third quarter of 2023. Americans between 40 and 54 saw their wealth increase by only 10% in the same period.
Those over 55 saw gains of 30%. According to the study, stocks were the main driver of the increase in wealth of the younger generations. But despite being the ones who have generated the most wealth in recent years, those under 40 are still among the poorest generations.