Gen X gained more wealth than any generation during the pandemic, benefiting from the housing boom and their peak earning years
They experienced the biggest wealth leap of any generation since the pandemic began, according to. Gen X, who turn ages 41 to 56 this year, made strides in paying off their debt while boosting their equity in investments like their homes and stocks and pension entitlement.
Their aggregate net worth soared by 50%, per the Fed data, causing their share of the nation's wealth to increase by 3.9 percentage points to 28.6% from the first quarter of 2020 to the end of the second quarter of 2021. Gen X, which has about 34.6 million households, saw their wealth increase by $13 trillion during this time frame. That's more than the $12.8 trillion growth the boomer cohort saw across itsEven in the past year alone, Gen X's wealth has continued to grow. As seen in the chart below, their wealth increased by $9.47 trillion from the second quarter of 2020 to the same period in 2021, still more than the $9.33 trillion growth the boomer cohort experienced.
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