Posted 12/19/2023, 7:36:52 PM
Older Americans' Wealth Soars During Pandemic, Now Hold 30% of National Riches
- Americans over 70 hold over $14 trillion more in net worth since end of 2019, now owning 30% of the country's wealth
- Home values and stock market gains during pandemic benefited older generations the most
- Share of adults 65+ in the workforce has nearly doubled since mid-1980s
- In 25 years, aggregate wealth of those 70+ has risen 6-fold to $43.3 billion
- 38% of nation's corporate equities and mutual funds held by 70+ age group, the highest on record