The wealth of typical households headed by people under 35 has collapsed over the past quarter-century, while the disparity in wealth between generations has quadrupled, according to a new analysis of Census Bureau data released Monday by the Pew Research Center.
In 2009, the median household headed by people under 35 had 68 percent less wealth than their counterparts in 1984. The household wealth of the typical family headed by someone under 35 was $3,662, down from $11,521 in 1984.
This has left the generational gap in wealth at the highest level on record. A typical household headed by someone 65 and older now has a median household wealth of $170,494, a figure 47 times greater than that of the younger generation. In 1984, this ratio had been 1o to one.