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This Is the Average Net Worth for Each Generation

Money Talks News Logo By Mike Brassfield of Money Talks News | Slide 1 of 7: Editor's Note: This story originally appeared on Self. In 2021, the average net worth in an American household headed by a person age 64-75 reached over $1.2 million, while the average household headed by someone under 35 had a net worth of just $76,000. With these massive generational wealth gaps, Self decided to dig deeper into the historical wealth distribution of different generations to understand whether the wealth gap has always been so vast. In the U.S., household wealth has traditionally seen a relatively even distribution across different age groups. However, over the last 30 years, data from the U.S. Federal Reserve shows that older generations have been amassing wealth at a far greater rate than their younger cohorts. Here’s a closer look. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. Sponsored: Find the right financial adviser Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests. If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.

This Is the Average Net Worth for Each Generation

Editor's Note: This story originally appeared on Self.

In 2021, the average net worth in an American household headed by a person age 64-75 reached over $1.2 million, while the average household headed by someone under 35 had a net worth of just $76,000.

With these massive generational wealth gaps, Self decided to dig deeper into the historical wealth distribution of different generations to understand whether the wealth gap has always been so vast.

In the U.S., household wealth has traditionally seen a relatively even distribution across different age groups. However, over the last 30 years, data from the U.S. Federal Reserve shows that older generations have been amassing wealth at a far greater rate than their younger cohorts. Here’s a closer look.

It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.

Sponsored: Find the right financial adviser

Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests.

If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.

© Ljupco Smokovski / Shutterstock.com

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