Younger Adults Saw Their Wealth Soar 80% Since 2019, Far Outpacing Older Groups

• Younger adults under 40 saw their wealth rise 80% since 2019, much more than older adults • Financial assets like stocks and mutual funds drove the wealth increase, rising over 50% for under 40 group • Under 40 group increased allocation to equities and mutual funds from 18% to 25% of financial assets • Wealth gaps still persist - under 40 group holds just 4.9% of total wealth compared to 71.6% for over 54 group • Increased exposure to equities via trading apps and stimulus checks may have enabled higher growth for younger adults