Gen Xers, who are age 41 to 56, saw robust gains in equities and pension entitlements, while their share of the nation’s consumer debt declined, the data show.
Their careers have since stabilized and those who could save money have invested in the stock market and 401Ks retirement accounts. The shares held by the so-called Silent Generation, born before 1946, and the boomers, the largest demographic group by far, declined in the same period.
Hipsters didn't find out about accrued wealth until the 1980s. They were called yuppie hypocrites in the media. They told Gen X to save and invest into the system. The previous generation didn't pass it on because of miscommunication, non-profit ideology and groovy dress code.
Considering that the majority of home owners are gen x and the massive increase in home prices, does it really surprise anyone?
Yes! The dark horse of the generation wars.
I agree! This is the generation that the baby boomers spent their savings on. Dressing, educating, providing for. And this new generation is truly leaving them in the dust with nothing. It’s a selfish generation. And we call it humanity. wealth
Crypto and gme.. where have I been!?
What a ridiculous article.
50% of what?
Wow that's a misleading headline. Gen Xers still largely aren't fully recovered from the 2008 crash, and it's hardly shocking that people below retirement age are gaining on pensioners on a fixed income.
They had 5 bucks in the bank before Covid. Justin gave them CERB. They now have 10 bucks. Doubled their wealth.
Most baby boomers are retired. Not generating much wealth. Is that Gen X example a valid comparison?
The title of this article is a bit deceiving. So these stats are based off of US data and have no reflection on Canada. And even with this wealth gap, retired boomers are still WAY ahead of Gen X.
StephenPunwasi Does this make sense.
Yup. All these debates between Boomers and Millennials and here we are just running the world while disliking both of ‘em.