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.
