Liberal Forum

Fuelman » 04 Sep 2025, 5:42 pm » wrote: ↑

04 Sep 2025, 5:42 pm

Is it really that bad?

Being an average boomer looks pretty good .

Here's the Average Net Worth of American Boomers (How Do You Compare?) | FinanceBuzz financebuzz /average-net-worth-american-boomers

The average net worth of baby boomersAs of 2025, the youngest baby boomer is in their early 60s, while the oldest baby boomer is in their late 70s. The Federal Reserve, which compiles data on the net worth of Americans, breaks down its financial data by decade rather than by generation, so we've done the same below. According to the Fed's most recent report,

American boomers have the following mean/average net worth: 
Ages 55 to 64: $1,564,070
Ages 65 to 74: $1,780,720
Age 75 and older: $1,620,100

I work with vets.   One of them shared he was in breakdown the other day. I went and got another coworker who volunteers helping vets..Between the PTSD and a wife who sleeps with every man in town has wrecked my distressed coworker.  I fear he is on the verge of suicide. He fought hard for the Freedom and Rule of Law we used to enjoy. 6000 vets commit suicide every year.  And the conservaitives focus on one transgender person driven bat shyt crazy by enormous peer pressure bullying. They ignore the other two dozen white nut job horrific crimes in the last 6 months.

The figures you provided are:

• Ages 55 to 64: $1,564,070
• Ages 65 to 74: $1,780,720
• Age 75 and older: $1,620,100 

These figures are very close to the average net worth statistics cited by several financial organizations, including NerdWallet, based on the 2022 SCF data released in October 2023. 
Specifically, the 2022 SCF data indicates the following average net worth by age group:

• Ages 55-64: $1,564,070
• Ages 65-74: $1,780,720
• Age 75+: $1,620,100 

It's important to remember that these are average figures (means), and the median net worth figures are considerably lower, indicating a significant wealth gap where a few very wealthy households skew the average upwards. 
For example, while the average net worth for ages 65-74 is around $1.79 million, the median net worth for the same group is $409,900. 
Therefore, while the provided average net worth figures are accurate based on recent data, understanding the difference between mean and median is crucial for a complete picture of wealth distribution within these age groups.

Our home is valued at north of 400K.. That could crash at any moment in this financial instability. It is costiing almost 3K a year to live in it with Property Tax and Home Owners Insurance.  Thse costs saw dramatic increases this year. So just to maintain our net worth we have to pay.

 
 

Fuelman » Yesterday, 5:42 pm » wrote: ↑

Yesterday, 5:42 pm

Is it really that bad?

Being an average boomer looks pretty good .

Here's the Average Net Worth of American Boomers (How Do You Compare?) | FinanceBuzz financebuzz /average-net-worth-american-boomers

The average net worth of baby boomersAs of 2025, the youngest baby boomer is in their early 60s, while the oldest baby boomer is in their late 70s. The Federal Reserve, which compiles data on the net worth of Americans, breaks down its financial data by decade rather than by generation, so we've done the same below. According to the Fed's most recent report,

American boomers have the following mean/average net worth: 
Ages 55 to 64: $1,564,070
Ages 65 to 74: $1,780,720
Age 75 and older: $1,620,100

Are you sure your mean/average statement is accurate?