10/06/2021

Gen X's Wealth Has Gone Up 50 Percent During the Pandemic

Their share of the nation’s consumer debt also declined

Generation X, the oft-overlooked demographic group squeezed between the Baby Boomers and Millennials, has experienced a wealth boom in the U.S. since COVID-19 was declared a national emergency.

During the pandemic, household wealth distribution has shifted from older generations to those who are reaching their peak earnings years, according to data from the Federal Reserve.

Gen Xers, who are age 41 to 56, saw robust gains in equities and pension entitlements, while their share of the nation’s consumer debt declined, the data show. 

Please select this link to read the complete article from Bloomberg.