The latest data from the Federal Reserve states that in the second quarter of 2026, the Baby Boomer generation households in the United States had a total net worth of $9.74 trillion, accounting for 52.5% of the total net worth of all American households.
According to the Distributional Financial Accounts (DFA) of the Federal Reserve for the second quarter of 2026, the total net worth of American households was $18.565 trillion. The Baby Boomer generation (born between 1946 and 1964) represents 30.4% of all households in the U.S., yet they own more than half of the total net worth. Net worth refers to assets such as homes, stocks, retirement funds, minus liabilities like mortgages and credit card debt.
The Federal Reserve categorizes generations based on the birth year of the head of the household. Those born in 1981 and later are classified under the Millennial generation, so the data includes the Generation Z.
The largest group by households is the Millennial generation (including Gen Z). This group constitutes 37.2% of all American households, with a net worth of $20.8 trillion, representing 11.2% of the total net worth of U.S. households.
The Generation X (born between 1965 and 1980) represents 25.8% of households, holding a net worth of $4.766 trillion, accounting for 25.7%. Among all generations, the Generation X’s household share and wealth share are the closest.
The Silent Generation and those born before 1946 hold 6.6% of households, with a net worth of $1.978 trillion, representing 10.7%.
In the second quarter of 2026, the Baby Boomer generation held a value of $3.52 trillion in stocks and mutual funds, accounting for 55% of the total holdings of all American households.
During the quarter, the net worth of the Baby Boomer generation increased by $0.79 trillion, with $0.55 trillion coming from the appreciation of stock assets.
From the second quarter of 2020 to the second quarter of 2026, the net worth of the Millennial generation (including Generation Z) increased from $5.3 trillion to $20.8 trillion, with their share of total net worth rising from 4.9% to 11.2%.
During the same period, the net worth of the Millennial generation increased by $1.55 trillion, while the net worth of the Baby Boomer generation increased by $3.82 trillion.
According to the Federal Reserve data, in the second quarter of 2026, real estate accounted for 38% of the assets of the Millennial generation, compared to 20% in the assets of the Baby Boomer generation.
The Millennial generation has a total debt of $8.6 trillion, representing 43% of the total household debt in the United States. This debt is approximately 29% of the assets of the Millennial generation; for the Baby Boomer generation, this ratio is around 4%.
Looking at long-term data, in the second quarter of 1990, the Silent Generation and earlier birth cohorts owned 79.7% of the total net worth of American households, while in the second quarter of 2026, this share fell to 10.7%.
The wealth share of the Baby Boomer generation peaked at 55.5% in the second quarter of 2014, and in the second quarter of 2026, it stands at 52.5%.