As of 2022, millennials accounted for 22% of the U.S. Something to highlight is that millennials are carrying the largest amount of Consumer Credit, at $2 trillion (representing about 43% of total consumer credit). Not surprisingly, Mortgages make up the largest component of liabilities for all generations. The following charts show a breakdown of liabilities by generation.

This suggests that millennials have, for the most part, foregone investing in financial assets in order to purchase a home. Where millennials do have more wealth is Real Estate, with 12% of the national total. Millennials, on the other hand, represent just 2%. Generationīaby boomers’ biggest category of assets is Equities & Mutual Funds, where they own 56% of the national total. All figures are as of Q4 2022 and in USD trillions. Assets by GenerationĪssets by generation are listed in the table below. wealth by generation, we’ve created two visualizations using Q4 2022 data from the Federal Reserve that break down both the assets and liabilities held by each American generation. In the U.S., for example, baby boomers own half of the nation’s $156 trillion in assets despite making up 21% of the country’s population.

The distribution of wealth is an important measure of the economic power of each generation.

Us debt clock