For all the boomer haters
Constantly hearing about the rich boomers all having million dollar homes etc. Reality is much different.
The median net worth for Americans ages 55–64 is around $364,00 driven by home equity and retirement savings.
Nearly 43% of households in this age group lack retirement accounts, relying more on home equity or earnings.
About 77% of households carry debt, with mortgages and home-equity loans being the largest liabilities.