Americans 75 and older are wealthiest age group, Fed survey finds

Washington (AP) — A Federal Reserve survey reveals that the wealthiest age group in America consists of families headed by someone aged 75 or older, according to a report released Friday. This demographic has experienced a surge in wealth due to consistent stock market gains since the last survey in 2022. The median net worth of the top 10% of American families increased by 31% to $3.6 million between 2022 and 2025.

Despite overall income growth, even when accounting for inflation, the report indicates that younger families saw a decline in wealth during the same period. Additionally, the proportion of Americans grappling with high debt payments and falling behind on their financial obligations rose, highlighting the impact of rapidly increasing inflation on lower-income households.