A fat stock portfolio and an expensive car can both make you feel rich. Over the past three years, though, they did very different things to Americans’ finances.
The Federal Reserve’s latest Survey of Consumer Finances revealed a striking split: Median net worth rose roughly 38% for households headed by someone 75 or older between 2022 and 2025, while falling 23% for those headed by someone under 35. Both figures account for inflation, according to an analysis by Nick Maggiulli, chief data officer at Ritholtz Wealth Management and author of The Wealth Ladder.
