The generation in which a householder (those who owned or rented their home) was born affects household wealth.
Not surprisingly, “Generation Z,” the youngest generation with adult members (born 1997 to 2013), had less wealth than the oldest and wealthiest “Silent Generation” (born 1928 to 1945): median wealth of $3,080 compared to $253,200.
Millennials, who were between 23 and 38 years old by the end of 2019, also had less wealth compared to other older generations. Millennials had a median wealth of only $27,420, while “Generation X” (born 1965 to 1980) had $121,400 and baby boomers (born 1946 to 1964) had $240,900.
When excluding home equity, Generation X and baby boomers had a median wealth of $48,070 and $90,060, respectively.