Gen X gained more wealth than any other generation during the pandemic

France Nouvelles Nouvelles

Gen X gained more wealth than any other generation during the pandemic
France Dernières Nouvelles,France Actualités
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Gen X gained more wealth than any generation during the pandemic, benefiting from the housing boom and their peak earning years

They experienced the biggest wealth leap of any generation since the pandemic began, according to. Gen X, who turn ages 41 to 56 this year, made strides in paying off their debt while boosting their equity in investments like their homes and stocks and pension entitlement.

Their aggregate net worth soared by 50%, per the Fed data, causing their share of the nation's wealth to increase by 3.9 percentage points to 28.6% from the first quarter of 2020 to the end of the second quarter of 2021. Gen X, which has about 34.6 million households, saw their wealth increase by $13 trillion during this time frame. That's more than the $12.8 trillion growth the boomer cohort saw across itsEven in the past year alone, Gen X's wealth has continued to grow. As seen in the chart below, their wealth increased by $9.47 trillion from the second quarter of 2020 to the same period in 2021, still more than the $9.33 trillion growth the boomer cohort experienced.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

BusinessInsider /  🏆 729. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Gen Zers interested in political careers are getting help from SnapChat — here's howGen Zers interested in political careers are getting help from SnapChat — here's howGeneration Z is primed to be one of the most activist generations, but many of its members aren't sure how to get involved in politics. Enter SnapChat.
Lire la suite »

This Is What Happened When Gen Z And Millennial Sisters Swapped StylesThis Is What Happened When Gen Z And Millennial Sisters Swapped StylesYep, skinny jeans are involved.
Lire la suite »

Covid and house prices prompt woodland sales boostCovid and house prices prompt woodland sales boostMeet the families who have been spending their savings getting back to nature during the pandemic.
Lire la suite »

'I Lost 100 Pounds During The Pandemic After I Discovered AKT Workouts''I Lost 100 Pounds During The Pandemic After I Discovered AKT Workouts'During the pandemic, Jennifer Jewett took charge of her health by focusing on clean eating with nutritious foods and the dance workouts she loves.
Lire la suite »

UK unveils new pandemic support for workersUK unveils new pandemic support for workersBritain's finance minister unveiled on Monday measures to help people find jobs after the government came under attack for ending a furlough scheme that kept millions employed during the pandemic.
Lire la suite »



Render Time: 2025-04-25 01:10:32