Comment & Analysis
Extremely Wealthy
The wealthy boomer problem is metastasizing—they got 38% richer over the last 3 years as Gen Z and millennials under 35 got wiped out
A fat stock portfolio and an expensive car can both make you feel rich. Over the past three years, though, they did very different things to Americans’ finances. The Federal Reserve’s latest Survey of Consumer Finances revealed a striking split: Median net worth rose roughly 38% for households headed by…
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Click here to read the full story: Fortune