Re: The Haves, Have Nots, & Have Lots - Reformulation of the Middle Cl
'Households headed by people in their 50s or over dominate wealth holdings in this country. In 2004, the aggregate net wealth in the hands of households headed by those in their
50s amounted to nearly $15 trillion. Households headed by those in their 60s held about $11 trillion in total aggregate net wealth, as did households headed by those over 70.
Together, these three groups held $37.2 trillion worth of net wealth or 74 percent of total household net wealth, while accounting for only 49 percent of all households.'
Data: FRB, FoF data
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