Boomers have amassed $85 trillion in wealth, but Gen Z and Millennials continue to struggle

Baby boomers are officially the wealthiest generation , holding more than $85 trillion in assets , according to data from the Federal Reserve .

Baby boomers still hold over half of the nation’s wealth , despite making up less than 20% of the US population.

Millennials and Gen Z, by contrast, make up 42% of the population but hold only around 10% of the country’s wealth .

“When it comes to the nation’s financial picture, older generations are way overrepresented and younger generations underrepresented,” says Jake Krimmel, senior economist at Realtor.com® .

Krimmel points out that when baby boomers were much younger back in 1995, they still held around 30% of the nation’s wealth and 40% of the nation’s real estate assets.

“So it really is the case that boomers have been