Millennials Narrow Household Wealth Gap

This chart, prepared by the Federal Reserve Bank of St. Louis, shows average real family wealth of three different generations during their young- to mid-adult years.

The values are centered on the median of the age range for the generation.

“For example, the median of the age range for millennials (born 1981-1996) in the first quarter of 2022 was 33, and Gen Xers (born 1965-1980) had a median age of 33 in the first quarter of 2006,” the Fed noted in a blog post examining family wealth that was updated in July. “While trailing Gen Xers for the beginning of their adult lives, millennials have narrowed the gap over the past five years (as of the most recent data).”