How Does the Wealth of Americans Aged 65–74 Measure Up Against Other Generations?

Core Insights - The median net worth for Americans aged 65–74 is $410,000, the highest among all age groups in the U.S. [2] - This age group typically represents the peak of net worth before individuals begin to draw down their savings in retirement [1][3] - There is significant variation in wealth within this age group, highlighting the importance of looking beyond a single net worth figure [4] Wealth Composition - 76% of Americans aged 65–74 own a home, with a median home value of $320,000, making home equity a major component of their wealth [7][9] - 51% have retirement accounts, with a median balance of $200,000, indicating that savings are also a significant driver of wealth [7][9] - 88% own at least one vehicle, with a median value just over $27,000, contributing to their overall asset base [9] Debt Profile - Approximately 65% of this age group carries some form of debt, with a median total debt balance of $45,000 [7][9] - 29% have a mortgage or home-equity loan, with a median balance of $113,000, indicating that housing-related debt is common [9] - 34% owe on credit cards, with a median balance of $3,500, showing that credit card debt is also prevalent among this demographic [9]