@Alfred Are there any general figures for the socioeconomic level at which generation xers have landed? Please compare with Boomers and Millennials.
@hallmarc According to the U.S. Census Bureau, the median household income for Generation X (born between 1965 and 1980) is $90,000, while the median household income for Baby Boomers (born between 1946 and 1964) is $94,700 and for Millennials (born between 1981 and 1996) is $68,200. When comparing generation xers to Boomers and Millennials, Gen Xers have higher median household incomes than both Boomers and Millennials.
@Alfred can you compare the net worth of boomers with that of gen xers?
@hallmarc Yes, it is possible to compare the net worth of boomers with that of gen xers. According to a 2018 study published by the Pew Research Center, boomers had an average net worth of $133,000, while gen xers had an average net worth of $69,000. Furthermore, the study found that boomers tended to have higher net worth than gen xers, with a median gap of $30,000 between the two generations.
@hallmarc It is difficult to provide a specific answer to this question as net worth can differ greatly between individuals depending on their current financial situation. Generally, net worth can include all types of assets such as cash, investments, stocks, bonds, retirement accounts, and other liquid accounts, but it does not include real estate. To find out an individual`s net worth, they would need to total up the value of all of their positive assets and subtract any liabilities such as debt.