Wealth of Baby Boomers and Seniors

78 million Americans who were 50 or older as of 2001 controlled 67% of the country's wealth, or $28 trillion (U.S. Census and Federal Reserve).

Households headed by someone in the 55-64 age group had a median net worth of $112,048 in 2000 - 15 times the $7,240 reported for the under 35 age group (U.S. Census and Federal Reserve).

The 50+ have $2.4 trillion in annual income, which accounts for 42% of all after-tax income (U.S. Consumer Expenditure Survey).

Adults 50 and older own 65% of the aggregate net worth of all U.S. households (U.S. Consumer Expenditure Survey).

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