According to the Federal Reserve’s latest Survey of Consumer Finances, median net worth rose 38% for households headed by someone 75 or older between 2022 and 2025, while falling 23% for those under 35. The oldest households now have a median net worth of $504,600, compared with $32,820 for the youngest, a ratio of 15-to-1 versus 9-to-1 three years earlier. Americans 55 and over now hold roughly $140 trillion, about three-quarters of the nation’s net worth. The analysis shows younger households hold a larger share of their assets in vehicles, whose values fell, while older households benefited from rising stock markets and real estate. Yale professor Samuel Moyn calls this phenomenon an “oldigarchy,” arguing that the American system reserves power, including wealth, for later life.
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