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한국관련자료
Millennials and Older Gen Zers Made Significant Wealth Gains in 2022
FRB of St. Louis
2024.02.28
The SCF measures wealth at the household level. Households, or families, are grouped by the birth year of the survey respondent.
For example, comparing the wealth of millennials with that of baby boomers―who have saved over a much longer period―isn’t very useful. A more insightful comparison is to examine the wealth of 35-year-old millennials with the predicted level of wealth that all generations had accumulated by the time their members were 35 years old. See the appendix for more details.
In addition to the new methodology, each year of additional survey data changes the estimates slightly. Both of these factors contributed to the different wealth deviations from past analyses.
While assets can significantly grow, wealth may be less changed given a coincident rise in liabilities. That said, the conclusions remain largely the same when looking at the change in net worth, rather than assets.
For this analysis, we restrict the sample to those households which held total assets valued between the 25th and 75th percentile of the asset distribution. Wealth in the U.S. is highly skewed, with those at the top owning a large share of the assets. Thus, looking at the middle of the distribution allows us to better pinpoint why the median grew. Those thresholds are unique to each birth cohort and survey year combination. We estimate the percentage change based on the total value of assets held by these groups (rather than a median or mean statistic).