America Never Had So Many 65-Year-Olds

America Never Had So Many 65-Year-Olds

A recent article in the Wall Street Journal noted that today’s 65-year-olds are wealthier and by many measures, healthier, and expected to live another 20 years.

  • A growing share are divorced.
  • Many turn their focus to what they want in this next stage.

Why it matters: While significant disparities exist, the median net worth of those 65 to 74 was $410,000 in 2022, up from $282,270 in 2010 in inflation-adjusted 2022 dollars, according to the Federal Reserve’s Survey of Consumer Finances.

Go deeper: “This is one of the untold success stories of the modern economy: There is a lot more wealth as people enter retirement,” says Ben Harris, director of the Retirement Security Project at Brookings Institution and former chief economist at the U.S. Treasury Department.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.