Millennials will be inheriting the most of any generation over the course of the next 25 years ($46 trillion). However, Gen X stands to inherit the greatest portion of assets in the next 10 years, totaling $14 trillion to Millennials' $8 trillion.
Millennials are set to become the richest generation on record thanks to the $84 trillion Great Wealth Transfer from their baby boomer parents and grandparents.
There were actually a total of 76 million births in the United States from 1946 to 1964, the 19 years usually called the “baby boom.” Of the 76 million baby boomers born, nearly 11 million had died by 2012, leaving some 65.2 million survivors.
Gen Z: The largest and richest generation by ~2035
In roughly the next five years, Gen Z will have globally amassed $36 trillion in income and that figure is expected to surge to $74 trillion by around 2040.
"What Makes Gen X Mothers So Unique" - Jordan Peterson
Which generation is better off?
In many ways, Gen Zers are better off than their parents were 30 years ago, but fewer are financially independent — here's why. Compared with their parents at this age, today's young adults are more likely to have a college degree and work full time, according to a recent report by the Pew Research Center.
Baby boomers have the highest household net worth of any US generation. Defined by the Federal Reserve as being born between 1946 and 1964 (currently in the ages between 59 and 77), baby boomers are in often in the sunset of their career or early into retirement.
Boomers are the longest-living generation in history so far and increasing life expectancy makes it likely that they'll spend more time in retirement than their parents did, raising concerns about the ongoing viability of the Social Security system. Population Reference Bureau.
Gen Z is far more likely to be single than any other generation, according to a new report from Coupon Birds. While only 28 percent of millennials said they were single in the survey of 2,000 U.S. adults, a whopping 46 percent of Gen Z were without a partner.
In their midlife during the early 21st century, research describes Gen Xers as active, happy, and achieving a work–life balance. The cohort has also been more broadly described as entrepreneurial and productive in the workplace.
Baby Boomers rank as the wealthiest generation in history. Boomers represent just 20% of the population, but their share of U.S. household wealth peaked at 53% in 2021 before slipping to about 51% as of the end of 2024.
In the recent article "Yes, Generation X is the coolest generation and (whisper it) the happiest too" forThe Independent, Bill Borrows confidently exclaims, "Gen-Xers (those born between 1965 and 1980) are now in their fifties and still doing what they were doing after the Berlin Wall came down and have never really ...
And it's an oft-quoted statistic that 70% of wealthy families lose their wealth by the second generation and 90% by the third. The so-called third-generation curse is naturally a concern for many wealthy families, whose ranks continue swelling (see Figure 1).
Baby Boomers and Generation X workers are older and less likely to leave their jobs. Gen Z is driving the trend with a higher percentage leaving jobs without another to go to.
“Millennial parents tend to be more open minded than any of the generations before them,” Dr. Kelley says. “For that reason, they do not ascribe to overly specific parenting styles, but rather find value in positive parenting over authoritarian discipline.”
The range of birth years ascribed to the Silent Generation varies slightly according to the generational scheme employed, beginning with either 1925, 1928, or 1929 and ending with either 1942 or 1945. In the early 2020s the Silents were mostly in their 80s and 90s.
On present trends, 58 percent of Gen Z women and 56 percent of Gen Z men (born 1997 onwards) will ever marry, compared to 56-67 percent of millennials (born 1981-1996), 62-82 percent of Gen X (born 1965-1980), and 77-96 percent of boomers (born 1946-1964).
The Greatest Generation – born 1901-1924. The Silent Generation – born 1925-1945. The Baby Boomer Generation – born 1946-1964. Generation X – born 1965-1979.
Generation Z, often shortened to Gen Z, is the term generally applied to those born between 1997 and 2012. Recent viral theories suggest this generation may be aging faster than others, particularly in the way they look.
Generation X, defined by the Pew Research Center as those born between 1965-1980, is the smallest generation by population, due to lower birth rates. They are sometimes referred to as the MTV generation, as the MTV channel debuted in their formative years.
The first named generation, the term "Lost Generation" is used for the young people who came of age around the time of World War I. In Europe, they are mostly known as the "Generation of 1914", for the year World War I began.
According to Bloomberg, millennials only hold 4.6 percent of the wealth in America. The amount is $5.19 trillion. In juxtaposition, boomers hold 53.2 percent, or $59.96 trillion. They are 10 times wealthier than millennials, and twice as wealthy than Gen X.
Millenials are the most educated generation... yet the most broke. Degrees in hand, debt on their backs, and rent through the roof. Millennials, born between 1981 and 1996, hold more college degrees than any previous generation in U.S. history.
Mark Zuckerberg did grow up wealthy though. He came from a upper middle class family, was exposed to technology at an early age, as well as his Dad's business. He went to a prep school, you can't do that being only middle class.
