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Federal Reserve survey ranks households 75 and older as wealthiest age group

Median net worth for households headed by someone 75 or older reached $504,000 in 2025, while under-35 households lost ground.

Updated Oct 9, 2026 · 22:40 UTC2 reports

The short version

  • A Federal Reserve survey released Friday found families headed by someone 75 or older are America's wealthiest age group.[Associated Press]
  • Median net worth for that group reached $504,000 in 2025, according to the Fed's Survey of Consumer Finances.[CBS News]
  • Typical households headed by someone under 35 saw median net worth fall 23% between 2022 and 2025, to $33,000.[CBS News]
  • The Fed said the oldest Americans likely benefited from retirement asset growth, while the richest tenth's median wealth rose 31%.[CBS News · Associated Press]

Key facts

  • Families headed by someone 75 or older are America's wealthiest age group, according to a Federal Reserve survey released Friday.[Associated Press]
  • The median net worth of the richest one-tenth of American families rose 31% to $3.6 million from 2022 to 2025.[Associated Press]
  • Households headed by someone 75 or older had a median net worth of $504,000 in 2025, according to the Fed's Survey of Consumer Finances.[CBS News]
  • Typical households headed by someone under 35 saw median net worth fall 23% between 2022 and 2025, to $33,000.[CBS News]
  • The Fed said the oldest Americans likely benefited from growth in their retirement assets.[CBS News]

What remains uncertain

  • The Fed's explanation that older households likely benefited from retirement asset growth is framed as a likely cause, not a confirmed one.[CBS News]
  • The Fed attributes the under-35 wealth decline mainly to a drop in business equity gains; the reporting does not independently verify this cause.[CBS News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.