Key figures from the chart
- Baby Boomers held $76.2 trillion of US net wealth at the end of 2023, which the chart says was 52% of the total.
- Gen X held $37.8 trillion, the Silent Generation $19.7 trillion and Millennials $13.5 trillion.
- Boomer wealth is about twice Gen X wealth and more than five times Millennial wealth (our arithmetic).
- The Silent Generation was the wealthiest group in 1990. Boomers passed it in the mid 2000s, and Gen X passed it in the late 2010s.
- All figures are from the chart, which cites the Federal Reserve, data as of May 2024.
US wealth by generation in text
Title: U.S. Wealth by Generation. A line chart with one line per generation, running quarterly from the first quarter of 1990 (’90 Q1) to the fourth quarter of 2023 (’23 Q4). The vertical axis runs from 0 to $80T in steps of $20 trillion. Each line ends in an illustrated portrait of a couple dressed in the style of that generation.
| Generation (legend) | Born | Line colour | Net wealth, Q4 2023 | Share of the four groups (our arithmetic) |
|---|---|---|---|---|
| Baby Boomer | 1946 to 1964 | Red | $76.2T | 51.8% |
| Gen X | 1965 to 1980 | Pink | $37.8T | 25.7% |
| Silent Generation | Before 1946 | Green | $19.7T | 13.4% |
| Millennial | 1981 to 1996 | Teal | $13.5T | 9.2% |
Callout as printed: “Baby boomers owned 52% of net wealth in 2023.” Source line: “Federal Reserve. Data as of May 2024.” Branding: Voronoi by Visual Capitalist, “Where Data Tells the Story”, with App Store and Google Play badges. The four values add up to $147.2 trillion, and the shares in our table use that sum.
Selected years from the same data
The chart only labels the end values. Visual Capitalist’s article on the chart gives these yearly values from the same Federal Reserve series, in trillions of dollars [1].
| Year | Silent | Baby Boomer | Gen X | Millennial |
|---|---|---|---|---|
| 1990 | $17.3T | $4.5T | $0.2T | $0T |
| 1995 | $19.9T | $8.6T | $0.6T | $0T |
| 2000 | $22.8T | $17.0T | $2.2T | $0T |
| 2005 | $27.1T | $29.2T | $5.2T | $0.3T |
| 2010 | $21.6T | $34.4T | $6.0T | $0.5T |
| 2015 | $21.4T | $48.4T | $13.0T | $1.9T |
| 2020 | $19.3T | $66.2T | $31.3T | $7.2T |
| 2023 | $19.7T | $76.2T | $37.8T | $13.5T |
How the generations changed places
In 1990 the Silent Generation held $17.3 trillion and Boomers $4.5 trillion. By 2005 Boomers had moved ahead, with $29.2 trillion against $27.1 trillion, and by 2020 Gen X ($31.3 trillion) had also passed the Silent Generation ($19.3 trillion) [1]. Visual Capitalist notes that Boomer wealth grew from $4.5 trillion in 1990 to $76.2 trillion in 2023, and that Boomers were about 20% of the population while holding 52% of the wealth [1].
The same article says Gen X’s share rose from 15% in 2013 to 26% in 2023, and that the Millennial share rose to 9.2% by 2023 [1]. Our arithmetic from the chart’s four end values gives the same 9.2% for Millennials and 25.7% for Gen X.
The latest Federal Reserve figures
The chart’s data comes from the Federal Reserve’s Distributional Financial Accounts, which publish household wealth by generation every quarter back to 1989 [2]. When we opened the table in October 2026, the most recent quarter was the second quarter of 2026. It gave Baby Boomers $97.40 trillion, Gen X $47.66 trillion, Millennials $20.80 trillion and the Silent Generation and earlier $19.78 trillion [2].
On those figures Boomers still hold just over half of the wealth of the four groups (52.5% by our arithmetic), while the Millennial total has passed the Silent Generation’s.
Notes on this infographic
- Revised data. The Federal Reserve revises its series. Its current table gives slightly different values for the fourth quarter of 2023 than the chart: Boomers $75.89 trillion (chart $76.2T), Gen X $37.53 trillion ($37.8T), Silent and earlier $19.66 trillion ($19.7T) and Millennials $13.54 trillion ($13.5T) [2].
- Gen Z is not shown. The chart covers four generations only.
- Shares. The 52% figure is from the chart and the Visual Capitalist article. The other shares in our table are our own arithmetic over the four groups shown.
- Creator. The chart carries Voronoi by Visual Capitalist branding. Visual Capitalist’s article credits Bruno Venditti, with graphics and design by Sam Parker, published 27 June 2024 [1].
Questions about generational wealth
How much wealth do boomers have?
The chart shows $76.2 trillion at the end of 2023, 52% of US net wealth. The Federal Reserve’s latest table, for the second quarter of 2026, gives $97.40 trillion [2].
Are boomers the wealthiest generation?
On this chart, yes. Since the mid 2000s Baby Boomers have held more total wealth than any other generation, and in 2023 they held about twice as much as Gen X [1].
How much wealth do millennials have?
Millennials held $13.5 trillion of US net wealth at the end of 2023, about 9.2% of the four generations shown on the chart. That was up from $1.9 trillion in 2015 and $7.2 trillion in 2020 [1]. The Federal Reserve's table for the second quarter of 2026 gives Millennials $20.80 trillion, now more than the Silent Generation's $19.78 trillion [2].
How much wealth does Gen X have?
Gen X held $37.8 trillion at the end of 2023, the second largest total on the chart and 25.7% of the four groups by our arithmetic. Visual Capitalist says the Gen X share rose from 15% in 2013 to 26% in 2023 [1]. The Federal Reserve's latest table, for the second quarter of 2026, gives Gen X $47.66 trillion [2].
Sources
- Visual Capitalist, Charted: U.S. Wealth by Generation, by Bruno Venditti, graphics and design by Sam Parker, 27 June 2024 (archived copy; the live page blocks automated access).
- Federal Reserve, Distributional Financial Accounts, distribution of household wealth by generation, table opened October 2026.
Last reviewed 29 October 2026
