[cco]

I'm also always curious to know what happens if you remove wealthy boomers from this pool.

I forget the exact numbers, but let's say ten billionaires own 50% of all the wealth in the US; how many of those folks are boomers?

That'd remarkably change this ratio if it were the case that much of this wealth is held by only a few very wealthy boomers.

[ThrowawayR2]

If anyone's curious, from https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

- Top 1% -> 31.0% of total US household wealth

- Top 10% but excluding the top 1% -> 36.4% of total US household wealth, i.e. the top 10% have 67.4% of total US household wealth

- The bottom 90% -> 32.6% of total US household wealth

[fuzzfactor]

IIRC a current statistic is that the top 10% overall own 60% of the wealth.

Also I believe that actual surviving boomers are underrepresented in that 10% compared to the general population now. And that trend can be expected to continue predictably.

[wakawaka28]

I would expect many/most billionaires to be boomers or older. It takes time to accomplish anything. Idk how many are "new money" vs "old money" (majority inherited) but I sure don't expect a high proportion of young people among the ultra wealthy.