Wednesday, July 03, 2013

Who Controls the Nation's Wealth?

American households had an aggregate net worth (assets minus liabilities) of $40 trillion in 2011. By far the largest share of the nation's wealth is controlled by householders aged 65 or older. Here is the distribution of household wealth by age of householder...

Under age 35: 4%
Aged 35 to 44: 9%
Aged 45 to 54: 18%
Aged 55 to 64: 26%
Aged 65-plus: 43%

Source: Census Bureau, Wealth and Asset Ownership

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