Baby Boomers were in the right place at the right time. Following World War II, this generation experienced immense economic growth and prosperity. The state of affairs afforded them the golden opportunity to accumulate much wealth in their lifetime. Boomers—born between 1946 and 1964—are currently the wealthiest generation on the planet. Their mean net worth falls between $970,000 to $1.2 million, according to Fortune.
Baby Boomers were in the right place at the right time. Following World War II, this generation experienced immense economic growth and prosperity. The state of affairs afforded them the golden opportunity to accumulate much wealth in their lifetime. Boomers—born between 1946 and 1964—are currently the wealthiest generation on the planet. Their mean net worth falls between $970,000 to $1.2 million, according to Fortune.
Baby Boomers were in the right place at the right time. Following World War II, this generation experienced immense economic growth and prosperity. The state of affairs afforded them the golden opportunity to accumulate much wealth in their lifetime. Boomers—born between 1946 and 1964—are currently the wealthiest generation on the planet. Their mean net worth falls between $970,000 to $1.2 million, according to Fortune.
In the late 1950s through the 1980s, many families lived relatively well without attending a university and working in the trades. You didn’t need to enter six-figure debt to earn a college degree. Home prices were affordable. This cohort greatly benefited from an unprecedented 40-year rally in stock and housing prices.
The Silent Generation—the parents of the Boomer—and Boomers will pass down $84.4 trillion in assets through 2045, with $72.6 trillion going directly to heirs, according to an analysis by financial market intelligence firm Cerulli and Associates. The transfer of wealth will create a wave of changes for Millennials in their ability to purchase homes, pay off student debt, travel, buy high-end products and invest in the stock market.
