Wealth Inequality in the U.S. by Household Type

2019 data show Baby Boomers nearly 9 times wealthier than millennials. Learn more in this America Counts story.

America Counts: Stories Behind the Numbers Wealth Inequality in the U.S. by Household Type Wealth inequalities persisted in 2019, according to the latest Survey of Income and Program Participation (SIPP) data released in October 2021. Wealth is the value of assets owned minus the liabilities (debts) owed. As described in a previous report on household wealth in 2017, the new U.S. Census Bureau report and detailed tables on household wealth in 2019 show similarly wide variations across demographic and socioeconomic groups but also detail generational wealth differences for the first time. Read More For example, it shows that baby boomers are nearly nine times wealthier than millennials. The SIPP's sample size enables comparisons of the assets of many populations and groups such as low-income households and households with or without children. Continue reading to learn more about: Contributors to household wealth Home ownership Generations and wealth Health insurance and marital status Race and Hispanic origin, education, and employment What is the SIPP? Help us spread the word about America Counts.  Share this story on social media or forward it to a friend. Share This You May Be Interested In Women More Likely Than Men to Have No Retirement Savings: Are your retirement savings related to the number of times you have been married or the number of partners with whom you have children? Learn More About America Counts America Counts tells the stories behind the numbers in a new inviting way. It features stories on various topics such as families, housing, employment, business, education, economy, emergency management, health, population, income and poverty. Contact our Public Information Office for media inquiries or interviews. Don't miss an America Counts story! Subscribe here.

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