The wealth gap we most often hear about is the gap between the very richest and the rest of us.
But the USA Today had a story about another generation gap you may have noticed within your family or workplace: The gap between baby boomers and those of us in our 30s.

In a nutshell: The median net worth of 55-59 year olds over 15 years (1989-2004) rose 97 percent and incomes rose 52 percent. For 35-39 year olds, median net worth dropped 28 percent over the same period and incomes dropped 10 percent.

It only looks slightly better for people in their late 20s.

Median net worth for 55-59 year olds is about $250k. For 35-39 year olds it’s roughly $50k.
Sound familiar?

If so and you’re in the “shortfall” generation, what are you going to do about it? Can you do anything about it?

This entry was posted on Monday, May 21st, 2007 at 1:08 pm and is filed under generations, kids and money, saving. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.