interesting chart

[baltimorened]

from todays WSJ...seems as if the Gen X ers are doing better in net worth than the baby boomers....looks like you young guys might need to support your parents ​

​

Average household net worth in 2025 dollars, by each generation's average age. the yellow line represents gn x​

$1.50 million
1.25
Gen X
1.00
Baby boomers
0.75
0.50
Millennials
0.25
Gen X’s wealth dropped during 2007-09 recession
0
20
25
30
35
40
45
50
55
60
Note: Data for millennials' net worth also includes some members of Generation Z. Historical data for each generation have different starting points.

 

[Aardvark86]

from todays WSJ...seems as if the Gen X ers are doing better in net worth than the baby boomers....looks like you young guys might need to support your parents ​

​

Average household net worth in 2025 dollars, by each generation's average age. the yellow line represents gn x​

$1.50 million
1.25
Gen X
1.00
Baby boomers
0.75
0.50
Millennials
0.25
Gen X’s wealth dropped during 2007-09 recession
0
20
25
30
35
40
45
50
55
60
Note: Data for millennials' net worth also includes some members of Generation Z. Historical data for each generation have different starting points.

What is the x axis?

(not sure if this just reflects timing relative to normal economic cycles, as well as to a lesser degree the adjustments to investment strategy relative to age.)

 

[baltimorened]

What is the x axis?

(not sure if this just reflects timing relative to normal economic cycles, as well as to a lesser degree the adjustments to investment strategy relative to age.)

yea the chart doesn't copy well. what the point of the chart is...they take both generations at specific point - age - in life and compare net worth at that point. What the chart is showing is that at comparable ages....constant dollars, the average gen X has a higher net worth than the average boomer at that point in life.

 

[Aardvark86]

yea the chart doesn't copy well. what the point of the chart is...they take both generations at specific point - age - in life and compare net worth at that point. What the chart is showing is that at comparable ages....constant dollars, the average gen X has a higher net worth than the average boomer at that point in life.

Thx. Interesting though also wondering if that’s surprising (eg, inflation adjusted dollars?)

that damn t axis always does weird things…

 

[baltimorened]

Thx. Interesting though also wondering if that’s surprising (eg, inflation adjusted dollars?)

that damn t axis always does weird things…

no inflation adjusted dollars. According to WSJ, it's an apples to apples comparison. You young guys better start preparing to take care of us seniors..you're, on average, doing better than your parents...

I would not have thought that, to be honest. So, I say to my son.."so why am I paying for grandkids college?"

 

[scotchtiger]

no inflation adjusted dollars. According to WSJ, it's an apples to apples comparison. You young guys better start preparing to take care of us seniors..you're, on average, doing better than your parents...

I would not have thought that, to be honest. So, I say to my son.."so why am I paying for grandkids college?"

Answer: “What else are you going to do with it?” Though we aren’t expecting our parents to pay for our kids college. My parents make a nice contribution to their 529 each year, but that’s all we plan around.

Im not surprised btw. I know a lot of Gen X and even millennials (which I technically am, born in 1983) who are doing exceptionally well. I feel like many of the boomers I know are financially comfortable, but nothing special or anything.

I think younger millennials and Gen Z may be screwed. The housing affordability issue they face is something else.

 

[MTTiger19]

I can’t make that out. Do you have a link?

 

[PAWrocka]

Soooo now when you need us, now is when you pay attention and acknowledge our existence? We are feral and don’t care, never did …

saw an alarming article that a majority of all home sales last year were to the Boomers, most alarming was that young millennials and GenZ only made up 4% each of home purchases each respectfully. So what does this mean?

Boomers are downsizing and paying cash for smaller and secondary homes, OR purchasing properties as rental investments. These homes have historically been starter homes, and SHOULD be going to young families … but it’s just one more F U from the worst generation in the history of man kind.

there is also a Boomer movement to “Leave Nothing” to their kids. Spend spend spend and give it away. Or increase inheritance taxes and funnel that “revenue” to SS and Medicare which will go right back into Boomer pockets.

took the golden ticket handed to them by their parents, obliterated the economy through their borrowing and over spending saddling their children and grandchildren with an insurmountable amount of debt …. and now want a generation that had to build itself, which was always ignored and overlooked , to take care of them ….

No thanks!

 

[bdgan]

Answer: “What else are you going to do with it?” Though we aren’t expecting our parents to pay for our kids college. My parents make a nice contribution to their 529 each year, but that’s all we plan around.

Im not surprised btw. I know a lot of Gen X and even millennials (which I technically am, born in 1983) who are doing exceptionally well. I feel like many of the boomers I know are financially comfortable, but nothing special or anything.

I think younger millennials and Gen Z may be screwed. The housing affordability issue they face is something else.

Millennials are going to inherit a lot of money from their baby boomer parents.

 

[baltimorened]

Millennials are going to inherit a lot of money from their baby boomer parents.

I know people who think both ways...some really want to leave a legacy to their children and grandchildren and others who crave the chart where life expectancy and net worth meet at "0"

I'm a pre boomer, wife is a boomer...we've been frugal - not by choice, but by necessity - but now find ourselves in good financial shape. Problem is, I can't get my wife to break out of the old ways. She used to take a calculator to the commissary and keep running total of how much she was buying...we had only so much for food..when you got to the budgeted number you either stopped shopping or put something back...while she made a point of stopping that when I made captain...she is still really, really frugal...

So anyway, our grandkids will get a good financial start in life...

good story..I'm in an over 55 community - ask me about that sometime - anyway "younger couple about 6 homes from mine just bought a new Ford bronco and put in a $120,000 pool and new sod. He received an inheritance!!!! So, parents save all their lives, leave money to the kids and first thing they do is spend the money the parents wouldn't because they wanted their kids to have a better life...ironic.

 

[PAWrocka]

Answer: “What else are you going to do with it?” Though we aren’t expecting our parents to pay for our kids college. My parents make a nice contribution to their 529 each year, but that’s all we plan around.

Im not surprised btw. I know a lot of Gen X and even millennials (which I technically am, born in 1983) who are doing exceptionally well. I feel like many of the boomers I know are financially comfortable, but nothing special or anything.

I think younger millennials and Gen Z may be screwed. The housing affordability issue they face is something else.

Saw this coming a longtime ago. We are doing all we can to ensure our Gen Alpha kids have a good solid start. My primary concern is guiding my kids towards AI proof careers. Daughter wants to be a Vet and my son has expressed interest in the Military, specifically being a JAG.

I grew up with nothing, but my wife’s family had/has old money which my incompetent mother in law squandered a lot of through stupidity until my wife and brother in law finally took control of the estate and put her on an allowance. If I have to listen to that Boomer Bag talk about interest rates during the Carter years and how young people just need to work and save like her Grandfather did ……. Grrrrrrrrrrrrrrrrr

every Thanksgiving, Christmas, …. Flag day …..random Tuesday … I have to keep my mouth shut and put on a smiling face.

 

[Aardvark86]

Soooo now when you need us, now is when you pay attention and acknowledge our existence? We are feral and don’t care, never did …

saw an alarming article that a majority of all home sales last year were to the Boomers, most alarming was that young millennials and GenZ only made up 4% each of home purchases each respectfully. So what does this mean?

Boomers are downsizing and paying cash for smaller and secondary homes, OR purchasing properties as rental investments. These homes have historically been starter homes, and SHOULD be going to young families … but it’s just one more F U from the worst generation in the history of man kind.

there is also a Boomer movement to “Leave Nothing” to their kids. Spend spend spend and give it away. Or increase inheritance taxes and funnel that “revenue” to SS and Medicare which will go right back into Boomer pockets.

took the golden ticket handed to them by their parents, obliterated the economy through their borrowing and over spending saddling their children and grandchildren with an insurmountable amount of debt …. and now want a generation that had to build itself, which was always ignored and overlooked , to take care of them ….

No thanks!
View attachment 1262492

One of the more grotesque versions of that we see here in big lex is parents buying places to stay at when visiting their kids in college.

 

[PAWrocka]

One of the more grotesque versions of that we see here in big lex is parents buying places to stay at when visiting their kids in college.

Ugh!!!!!! Enraging!!!!

im the president of my community’s HOA. It’s a small community, only 31 homes all on 1.5 to 1.75 acre lots. Homes are all 2 level with full basements and between 3200 to 4500 sq ft. We had 6 homes sell in the last 4 years. All 6 have been sold to boomers. 4 of them bought in the community to “Have a home where our adult kids could come and play and have a pool”. Don’t know about the other 2 because … ****’em.

one old bag of **** boomer wrote me, first time introducing himself, to complain about a neighbor who hadnt mowed his lawn in a week and a half. I politely informed him that we aren’t that strict in our enforcement for the bylaws …. What I wanted to do was take a **** in his mailbox buuuuuut my wife talked me off the ledge.

all these boomer Fs, are either from New York, Massachusetts or western shore/Montgomery County. So they sold their homes, and instead of moving into a 55+ community, moved their worthless twit asses to the Eastern Shore where they could pay cash for these homes “to give their kids some place nice to spend time”. I got an idea … move your saggy *** to an old persons community and actually help your struggling Millenial kid!

I love my parents but I despise their generation. Worst most entitled generation in human history and have the audacity to look down their noses at Millennials and GenZ because they are struggling in a world they created. These ******** have been ignoring us since we were born … now … want our help … pfffffffft I just kinda want to push them down the stairs …