How much wealth does each generation hold?

In the second quarter of 2026, households headed by baby boomers (born 1946 to 1964) held $97 trillion, 52.5% of all U.S. household wealth. Gen X (born 1965 to 1980) held $48 trillion, 25.7%; millennials and younger (born 1981 or later) held $21 trillion, 11.2%; and the Silent Generation and earlier (born before 1946) held $20 trillion, 10.7%. Generations are compared at different ages, so older ones have had longer to build wealth. Wealth here is net worth: what households own (homes, stocks and mutual funds, pensions and retirement accounts, private businesses, cars and other belongings, bank deposits) minus what they owe (mortgages, credit cards, student and car loans). The Fed estimates each quarter by combining its Financial Accounts with its Survey of Consumer Finances, taken every three years, so the newest quarters are estimates that get revised.