Core Insights - The wealth gap in America is increasingly characterized by a significant rise in the wealth of older Americans, particularly those aged 75 and over, contrasting sharply with declines in wealth for younger age groups [2][3][4] Group 1: Wealth Trends - From 1983 to 2022, Americans aged 75 and older saw their average wealth increase by 81% in inflation-adjusted dollars, while all other age groups experienced a decline in their average net worth relative to the overall mean [3][4] - The study highlights that the elderly are not uniformly wealthy but represent a group of "hidden millionaires" whose relative wealth has surged compared to younger cohorts [4] Group 2: Homeownership and Debt - Homeownership rates for Americans aged 75 and over increased by 11.5 percentage points from 1983 to 2022, while younger households saw their homeownership rates remain flat [5][7] - The debt-to-net-worth ratio for the 75 and over group fell to a low of 3.2%, in stark contrast to 65.4% for those under 35, indicating a significant difference in financial stability [7] Group 3: Investment and Stock Holdings - The value of stock holdings for the 75 and over group surged, with their stock portfolio growing from 0.56 times the national average to 3.47 times the national average over the same period [7]

Investment Strategy Shift - India's pension funds are shifting away from sovereign bonds [1] - Regulatory changes now permit increased stock holdings [1] Industry Impact - The shift impacts the investment portfolios of India's largest pension funds [1]