Baby boomer average net worth now tops $1.6 million, with that figure driven by more than half of all U.S. household wealth flowing to people born between 1946 and 1964. The median sits much lower, near $370,000, which means the typical household looks nothing like the average.
Federal Reserve data from 2022
The Federal Reserve's Survey of Consumer Finances was last conducted in 2022, and its next triennial survey is due later this year. That timing matters because the wealth snapshot used here is already several years old, yet it is the main lens for measuring how age groups hold cash, homes, retirement accounts, and other assets.
Baby boomers control almost $90 trillion in U.S. household wealth by the end of 2025, far more than any other generation. Spread across the generation, that comes to more than $1.6 million per boomer on average, but the median net worth for baby boomers is closer to $370,000.
Home equity shapes the gap
A typical 65-to-74-year-old owns a $320,000 home and has $200,000 in retirement savings. Net worth adds cash, savings, investments, home equity, and valuables, then subtracts liabilities such as credit card balances, loans, mortgages, medical debt, and taxes, so the total can look large even when spendable cash is thinner.
Much of that wealth sits in home equity and retirement accounts rather than money available for day-to-day use. That is why the average can climb while the median stays far lower: a small number of ultra-wealthy households pulls the average upward, while most boomers sit much closer to the middle figure.
San Francisco and Dayton, Ohio
A $350,000 house in San Francisco has an average home value of $1.2 million, while a $350,000 house in Dayton, Ohio has an average home value of about $131,000. The same nominal house price can therefore sit inside very different balance sheets, which helps explain why home equity can swell boomer wealth without creating the same cash access for every household.
If net worth usually rises over decades of work and investing before falling as retirees spend down savings, the next Federal Reserve survey later this year will show whether that pattern still holds. The open question is how much of the almost $90 trillion sits with the wealthiest boomers rather than the typical one.
