- As young buyers scrape together down payments, boomers are sitting on $82 trillion in wealth—more than twice what Gen X has and four times as much as millennials. New research shows the wealth gap has only widened since the 1980s, as older generations saw bigger gains in homeownership and stocks while younger people took on faster-growing mortgage debt. With boomers holding on to large homes and aging in place, younger buyers are struggling to break into a shrinking market.
As younger generations struggle to buy their first homes, boomers are accumulating wealth and tightening their grip on assets that millennials and Gen Z need to get richer.
