Compare your finances to where your parents were at your exact age
Baby Boomers at age 35 had a median net worth of $82,000 in today's dollars. Millennials at age 35 have a median net worth of $51,000 — 38% lower than their parents at the same age. Adjusted for inflation Boomers accumulated wealth 70% faster than Millennials due to lower housing costs, cheaper education and stronger wage growth relative to living expenses.
The generational wealth gap measures the difference in wealth accumulation between generations at the same life stages. Factors including rising housing costs, student loan debt, wage stagnation and the 2008 financial crisis have significantly impacted Millennial and Gen Z wealth building compared to previous generations at equivalent ages.