Americans 75 and older are wealthiest age group, Fed survey finds
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By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.
The finding from the Federal Reserve’s Survey of Consumer Finances underscores how robust stock market gains have made wealthier American families even richer since the survey, conducted every thre
WASHINGTON (AP) — Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.
The finding from the Federal Reserve’s Survey of Consumer Finances underscores how robust stock market gains have made wealthier American families even richer since the survey, conducted every thre
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