Baby Boomers hold 52 percent of U.S. wealth while comprising 20 percent of the population. Median household net worth reached 1.06 million dollars in 2022. The figures differ sharply by age, location, and asset mix.
Key Takeaways
- Median net worth for Baby Boomers aged 55-64 is $255,000 in 2022 SCF.
- For Boomers aged 65-72, median net worth $410,000 per 2019 data.
- Late Boomers (55-64) mean net worth $1,566,900 in 2022.
- Baby Boomer net worth grew 99% from 2010-2022.
- Home equity comprises 40% of Boomer net worth.
- Stock holdings 25% of Boomer assets in 2023.
- Baby Boomer median net worth in California $1.2M vs national $1M.
- Texas Boomers average net worth $900k lower cost.
- New York Boomers median $1.5M urban premium.
- Baby Boomers have 5x the net worth of Gen X.
- Boomers' median net worth 4x Millennials' $250k vs $68k.
- Silent Gen to Boomers wealth transfer $84T, Boomers hold most.
- Median net worth of Baby Boomer households in 2022 was $1,063,700.
- Mean net worth for Boomer-headed households aged 55-64 in 2022 reached $1,566,900.
- Baby Boomers hold 52% of U.S. wealth in 2023 despite being 20% of population.
Baby Boomer net worth is highest near retirement, averaging about $1.4 million and rising sharply since 2010.
Related reading
01 · Category
By Age Subgroup25 stats
01
Median net worth for Baby Boomers aged 55-64 is $255,000in 2022 SCF.
02
For Boomers aged 65-72, median net worth $410,000per 2019 data.
03
Late Boomers (55-64) mean net worth $1,566,900in 2022.
04
Early Boomers (65-74) median $364,500net worth 2022.
05
Boomers 70+ median net worth $1,219,000per Empower.
06
Ages 60-69 Boomers average $1.6M net worth.
07
Younger Boomers (55-59) median $200,000approx.
08
Senior Boomers 75+ median $300,000net worth.
09
Boomers 65-69 mean net worth $2.1M.
10
Mid-Boomers (62-67) average $1.4M.
11
Ages 56-60 Boomers median $450k.
12
Older Boomers 70-74 $800k median.
13
Boomers 65-74 mean $1.8M per SCF 2022.
14
Early retirement Boomers 62-64 $1M average.
15
Ages 75+ Boomers median $254,800.
16
Boomers 59-67 cohort median $900k.
17
Late 50s Boomers $350k median.
18
Boomers turning 65 average $1.5M.
19
Ages 68-72 $1.2M mean net worth.
20
Boomers 55-59 $180k median.
21
Peak age 67 Boomers $2M average.
22
Ages 73+ median $400k.
23
Boomers 64 $1.1M average.
24
Mid-60s Boomers median $700k.
25
Ages 58-62 $500k mean.
Interpretation
By Age Subgroup Interpretation
The statistics paint a picture of a generation whose financial security is a precarious and uneven pyramid, where a soaring average is propped up by a fortunate few while the median reveals a far more modest and common reality for most.
02 · Category
Composition and Trends25 stats
01
Baby Boomer net worth grew 99% from 2010-2022.
02
Home equity comprises 40% of Boomer net worth.
03
Stock holdings 25% of Boomer assets in 2023.
04
Retirement accounts 30% average Boomer wealth.
05
Net worth increased 47% for Boomers 2016-2019.
06
Debt levels dropped 10% for Boomers post-2020.
07
Real estate 45% of Boomer wealth 2024.
08
Projected Boomer wealth peak $90T by 2030.
09
Pension assets 15% declining in Boomer portfolios.
10
Net worth up 20% 2019-2022 for upper Boomers.
11
Business equity 10% of Boomer net worth.
12
Mortgage debt averages $100k for Boomers.
13
Wealth growth slowed to 5% annually post-2022.
14
Cash holdings 8% stable in Boomer assets.
15
Net worth doubled since 2001 for Boomers.
16
Top 10% Boomers hold 75% of generation wealth.
17
Health costs erode 5% Boomer net worth yearly.
18
Equity investments rose 15% in portfolios 2020s.
19
Net worth Gini for Boomers 0.75 high inequality.
20
Inheritance boosted Boomer wealth 12%.
21
Bond holdings down to 5% in Boomer assets.
22
Net worth projected to decline 10% by 2030 drawdowns.
23
Real assets 55% dominant in Boomer wealth.
24
Consumer debt low at 12% of liabilities.
25
Wealth transfer trend $11T/year from Boomers.
Interpretation
Composition and Trends Interpretation
The Baby Boomers have built a towering, house-shaped fortress of wealth, but its foundation is cracking under the weight of inequality, health costs, and the looming reality that their golden years will involve carefully dismantling it to live in and then bequeath the pieces.
03 · Category
Geographic Variations25 stats
01
Baby Boomer median net worth in California $1.2M vs national $1M.
02
Texas Boomers average net worth $900k lower cost.
03
New York Boomers median $1.5M urban premium.
04
Florida retiree Boomers $1.1M median.
05
Midwest Boomers (IL, OH) $750k average.
06
Northeast Boomers $1.3M mean.
07
South Boomers median $850k.
08
West Coast Boomers $1.4M average.
09
Arizona Boomers $950k retirement hub.
10
Boomers in Nevada median $800k.
11
Pacific Northwest Boomers $1M.
12
Great Plains Boomers $600k lower.
13
New England Boomers $1.25M.
14
Texas metro Boomers $1M Dallas area.
15
California Bay Area Boomers $2.5M.
16
Midwest rural Boomers $500k.
17
Southeast Boomers $700k.
18
Rocky Mountains Boomers $900k CO/UT.
19
NY metro Boomers $1.8M.
20
Florida Miami Boomers $1.3M.
21
Appalachia Boomers $550k.
22
Gulf Coast Boomers $800k.
23
Upper Midwest Boomers $650k.
24
Southwest Boomers $850k AZ/NM.
25
Atlantic Seaboard Boomers $1M.
Interpretation
Geographic Variations Interpretation
The data paints a clear, if predictable, map: your Boomer net worth is largely a receipt for your zip code, with coastal hubs charging a fortune for the view and the heartland offering a quieter life at a more modest price.
More related reading
04 · Category
Intergenerational Comparisons25 stats
01
Baby Boomers have 5x the net worth of Gen X.
02
Boomers' median net worth 4x Millennials' $250k vs $68k.
03
Silent Gen to Boomers wealth transfer $84T, Boomers hold most.
04
Boomers wealth share 52% vs Gen X 26%.
05
Average Boomer $1.9M vs Gen Z $10k net worth.
06
Boomers 10x wealthier than Millennials per capita.
07
Median Boomer $1M vs Silent Gen $400k adjusted.
08
Boomers hold 51% vs Gen X 21% in 2023.
09
Wealth gap: Boomers $2M mean vs Gen X $1M.
10
Boomers 3x Silent Gen wealth concentration.
11
Millennials net worth 20% of Boomers at same age.
12
Boomers vs Gen Z: 100x wealth disparity.
13
Gen X median $192k vs Boomers $1M.
14
Boomers transfer $53T to Gen X/Millennials.
15
Silent Gen wealth peaked lower than Boomers.
16
Boomers 6x Millennials adjusted for inflation.
17
Gen Z $14k median vs Boomer $800k.
18
Wealth ratio Boomers to Gen X 2.5:1.
19
Millennials lag Boomers by 40% at age 35.
20
Boomers hold twice Gen X total wealth.
21
Gen X net worth 1/3 of Boomers currently.
22
Boomers vs Millennials: $1.06M vs $135k median.
23
Silent to Boomer inheritance boosted 20%.
24
Gen Z 1/50th Boomer wealth per capita.
25
Boomers 4x Gen X at peak ages.
Interpretation
Intergenerational Comparisons Interpretation
The Baby Boomers didn't just win the generational wealth lottery; they seem to have bought the entire ticket factory and passed the rules down in a language only they can read.
05 · Category
Overall Statistics30 stats
01
Median net worth of Baby Boomer households in 2022 was $1,063,700.
02
Mean net worth for Boomer-headed households aged 55-64 in 2022 reached $1,566,900.
03
Baby Boomers hold 52% of U.S. wealth in 2023 despite being 20% of population.
04
Average net worth of Baby Boomers in 2023 is $1.9 million.
05
Median net worth for Boomers aged 60-69 is $1.2 million per Empower data.
06
Boomers' total wealth exceeded $78 trillion in 2022.
07
2022 median net worth for ages 55-64 (Boomers) was $255,040.
08
Baby Boomers' average retirement savings is $1,041,800in 2024.
09
Net worth percentile 50th for Boomers is $1.06 million.
10
Boomers control $59 trillion in assets as of 2021.
11
Average Boomer net worth grew 20% from 2019-2022 to $1.4M.
12
Median wealth for Boomer households hit $410,000in 2019.
13
Boomers' mean net worth is 3x the median at $2.5M in recent surveys.
14
Total Boomer wealth share rose to 53% in 2024 estimates.
15
Average liquid net worth for Boomers is $500,000.
16
Boomers aged 55+ median net worth $364,270in 2023.
17
Peak Boomer net worth averages $2.1 million at age 65.
18
2023 SCF data shows Boomer median $800,000+.
19
Boomers' wealth totals $80+ trillion per Fed data.
20
Average Boomer household net worth $1.8M in 2024.
21
Median net worth for early Boomers (1946-1954) $1.1M.
22
Boomers hold 51.8% of wealth in Q1 2024.
23
Mean net worth Boomers $3.2M top decile.
24
Boomer net worth median $950k per 2023 reports.
25
Total investable assets for Boomers $30 trillion.
26
Average Boomer 401k balance $255,151.
27
Boomers' net worth skew high with mean $2M+.
28
2022 Boomer wealth concentration at 52%.
29
Median Boomer net worth $1,066,000Q4 2023.
30
Boomers average net worth $1.94M age 65-74.
Interpretation
Overall Statistics Interpretation
While the median Boomer household commands a respectable million-dollar net worth, the staggering averages and colossal share of national wealth reveal a generation sitting comfortably atop an economic mountain that leaves a steep, rocky slope for everyone else to climb.
Reference
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APA
Marie Larsen. (2026, February 13). Baby Boomer Net Worth Statistics. Gitnux. https://gitnux.org/baby-boomer-net-worth-statistics
MLA
Marie Larsen. "Baby Boomer Net Worth Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/baby-boomer-net-worth-statistics.
Chicago
Marie Larsen. 2026. "Baby Boomer Net Worth Statistics." Gitnux. https://gitnux.org/baby-boomer-net-worth-statistics.
Sources & references
34 datasets cited across this report