Net worth includes the value of a person's home, possessions and savings accumulated over the years, including stocks, bank accounts, real estate, cars, boats or other property, minus any debt such as mortgages, college loans and credit card bills. Older Americans tend to hold more net worth because they are more likely to have paid off their mortgages and built up more savings from salary, stocks and other investments over time. The median is the midpoint, and thus refers to a typical household.The 47-to-1 wealth gap between old and young is believed by demographers to be the highest ever, even predating government records.
US Wealth Gap Between Young And Old Is Widest Ever
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