Editors Comments:
I've been saying at my seminars in my newsletters and blogs for the last 10 years or more that baby boomers represent 25% of the population but have 50% of the cash.
Boy was I right, according to this article below "baby boomers have 52.2% of the America's wealth"
This is why I'm so interesting in marketing to baby boomers born between 1946 and 1955 of which I am one.
Baby boomers want to downsize from huge homes and move to a place that safe, comfortable, clean and most importantly very inexpensive.
Bal, fits all the criteria specially with the cost of living that is 70% less than America, Australia and Canada, my home country.
This is why my next development is Bali Luxury Retirement Villas starting as low as $228,000 for a two bedroom two bathroom brand new villa 200 m from a beautiful clean beach with a private swimming pool.
See details below this article
Find out how much the typical baby boomer, Gen Xer and millennial were worth from their 30s to their 50s.
Mike Brassfield • December 16, 2021 • Advertising Disclosure
Ljupco Smokovski / Shutterstock.com
Editor's Note: This story originally appeared on Self.
In 2021, the average net worth
in an American household headed by a person age 64-75 reached over $1.2
million, while the average household headed by someone under 35 had a
net worth of just $76,000.
With these massive generational
wealth gaps, Self decided to dig deeper into the historical wealth
distribution of different generations to understand whether the wealth
gap has always been so vast.
In the U.S., household wealth has
traditionally seen a relatively even distribution across different age
groups. However, over the last 30 years, data
from the U.S. Federal Reserve shows that older generations have been
amassing wealth at a far greater rate than their younger cohorts. Here’s
a closer look.
Generations and wealth defined 
Monkey Business Images / Shutterstock.com
These are the generations we looked at for the study:
Silent generation (1928-1945): 6.33% of population in 2021
Baby boomer (1946-1964): 21.44%
Generation X (1965-1980): 19.73%
Millennial (1981-1996): 21.95%
In 1998, the share of the American population under 40 years old held 13.1% of America’s total wealth. Today, those under 40 hold only 6% of the total wealth.
This
means that millennials and Generation X own less than half of the
wealth that older generations owned when they were the same age.
In
2021, the vast majority of the country’s wealth (78.1%) belonged to the
older generations, with baby boomers owning a whopping 52.2% of the
country’s wealth and the silent generation owning 15.2%.
Generation
X (age 41-56 years) owns 27.6% of the country’s total wealth, while
millennials (age 25-40 years) only possess 5% of the country’s total
wealth. Hence, as a group, baby boomers are more than 10 times more
wealthy than millennials.
Of note regarding the wealth
distribution of millennials, it was recently revealed that Facebook
founder Mark Zuckerberg, who has an estimated net worth of $97 billion,
single-handedly owns 2% of all millennial wealth.
Next,
we’ll look at the average wealth per generation historically. To get as
accurate a view as possible, we have taken inflation rates in mind. We
look at the average wealth the different generations had when they were
in their 30s, 40s, and 50s.
Average wealth at 30 years of age 
fizkes / Shutterstock.com
If
we compare Generation X and millennials, we can see that millennials
are 23.7% worse off than Generation X in terms of wealth accumulated
around the same age.
By the time Generation X members were in
their 30s, they had an average wealth of $84,414 (inflation rates taken
into consideration), while millennials had an average wealth of $64,412.
The average baby boomer had a wealth of $132,960 in their 30s, more than double the wealth of millennials around the same age.
Year Generation
Wealth average per person With inflation (to 2021)
1989 Baby boomers
$58,698 $132,960
2005 Generation X
$61,540 $84,414
2020 Millennials
$63,523 $64,413
40 years of age 
Krakenimages.com / Shutterstock.com
When
baby boomers were in their 40s, they had an average wealth of $195,994.
Generation X had accumulated a wealth of $131,021 around the same age.
Year Generation
Wealth average per person With inflation (to 2021)
1996 Baby boomers
$115,686 $195,994
2021 Generation X
$131,021 $131,021
50 years of age 
Hector Pertuz / Shutterstock.com
When
the youngest of the silent generation reached their 50s in 1996, their
average wealth was $292,210. Using historical inflation rates, that
number is equivalent to a wealth of $495,057 in today’s value.
Baby boomers held an average wealth of $629,683 in their 50s, equivalent to $704,158 in today’s value.
Worse
off is Generation X who, on average, owned $396,293 when they started
reaching their 50s. This is 43.73% less than what boomers had when they
were the same age.
Year Generation
Wealth average per person With inflation (to 2021)
1996 Silent generation
$292,210 $495,057
2014 Baby boomers
$629,683 $704,158
2020 Generation X
$396,293 $396,293
What does the future hold? 
Krakenimages.com / Shutterstock.com
Baby
boomers are considered the wealthiest generation in history, but what
happens when this wealth is passed on to younger generations?
A study from Coldwell Banker
estimates that millennials are expected to inherit over $68 trillion
from their predecessors by 2030, meaning that in less than 10 years’
time they will have accumulated as much as five times the wealth they
currently hold.
Methodology 
NicoElNino / Shutterstock.com
The
population data and wealth data for the silent generation, baby
boomers, Generation X, and millennials are derived from the U.S. Census
Bureau and the Federal Reserve. At the time the research was carried
out, no corresponding data was available for Generation Z.
The inflation rates were calculated using SmartAsset’s inflation calculator.
Bali Luxury Retirement Villas 2.98 Milyar
Pretty well everything you need to know including location, prices, and designs plus information on Bali and Bali retirement visas is available on our web site https://www.baliluxuryretirementvillas.com.
The following is available on our website:
Features of © Bali Luxury Retirement Villas as low as * $184,888.
•100% legal for foreigners.
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• Private carport included.
• Private 8 m (27 Ft.) pool** for leisurely laps.
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• Great investment for you and your heirs.
• Private Housekeepers & drivers, only $200 MTh.
• Healthcare at a fraction of Western costs.
• Brand-new hospital within five minutes.
• Award-winning international Airport 35 min.
• Proximity to Sanur, Ubud, Denpasar.
• Walking distance to affordable restaurants and beach clubs
• Shared low costs of pool man and gardeners.
• Minuscule monthly common area fees.
• Managed by 15-year-old, Hall of Fame award-winning management company.
• *Price of the least expensive villa in U.S.D. after $10,000 Discount
for the first two villas only. Subject to change without notice.
• **Eight-meter first-class swimming pool Only U.S.D. $28,888 Extra.
Developed and managed by 14-year-old Hall of Fame award-winning Bali company.
Summary:
These villas offer you an opportunity to own a luxury home on arguably the Best Island in the world with some of the greatest weather, lowest cost of living, clean air, and friendliest people.
Profit Now Move in Later:
You may not be ready to pack up and move to Bali in the next few years.
So, you may purchase now at these ridiculously low prices and we can normally rent them out for you for a monthly income of $1,500 to $2,000 U.S.D. per month.
Our 15-year-old “Hall of Fame” the award-winning management company that manages villas for V.I.P.s such as the former director of General Electric and Ritz Carlton can provide substantial net monthly income to supplement your pension while providing a carefree rental unit.
Confused? We understand that you may have concerns that we may not have even thought of, so feel free to ask whatever questions you wish.
We do not want you to even think about purchasing our © Bali Luxury Retirement Villas unless you are 100% convinced that they are safe, and perfect for you and your family.
Limited Offer: Save $10,000:
As with any new project we are anxious to sell the first few villas.
We have one already on hold and are only willing to offer one other villa at a $10,000 discount. First come first serve.
Free Stay in Luxury Estate:
If you wish to fly over and see the location first after you place a USD 2,000 Deposit we will offer you free accommodations in a 4 bdrm. 5 bath luxury beach view estate with a private 14 m pool for three days within walking distance of the location.
When you decide to conclude the purchase, we will extend the free estate accommodation for an additional four days.
Should you decide not to continue with the purchase we will refund your $2,000 Deposit minus $200.00 for the three-day stay.
Thank you for taking the time out of your busy schedule to review this information and information on the website. If there is any further information we can provide you please do not hesitate to ask.
Cheers, THE SALES TEAM © Bali Luxury Retirement Villas
PLEASE CALL OR EMAIL US: Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com
P.S. We also have several larger villas available from two-bedroom to four-bedroom starting as low as $158,888. www.baliluxuryvillasales.com
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