Posted 12/21/2023, 4:41:57 PM
Older Americans Hold Bulk of Nation's Wealth, While Younger Voters Favor Trump on Economy
- Baby boomers (aged 55+) own 72% of the nation's wealth and saw the biggest gain over the past year at $3.57 trillion
- Americans over 70 hold 30% of all wealth while making up a growing share of the population
- Younger generations (under 55) own just 27% of the wealth despite making up over half of households
- Strong stock market and rising housing values have benefited older Americans in recent years
- Younger voters are gravitating toward Trump over Biden by 13 points, citing the economy as a top concern