During the economic downturn, homeowners in Generation X, defined here as those born between 1965 and 1980, experienced the largest decline in home equity of all the generation groups, from $66,000 in 2007 to $37,600 in 2010 – a 43% drop. During the same period, the median value of financial assets owned by Gen X fell 20%.
Since 2010, the median net worth of Gen X households has risen 115%. Since 2016, the net worth of a typical Gen X household has surpassed what it was in 2007 - $84,200 versus $63,400.
“As of 2016, the median wealth of households headed by Boomers and the Silent Generation remains below 2007 levels, though their household wealth still exceeds that of Generation X,” wrote Richard Fry, a senior researcher at Pew.
Read More
