Despite having become the
largest generation in the American workforce, millennials controlled just 6.2% of wealth in the U.S. as of 2022, the lowest amount of any generation by far, according to data from the
Federal Reserve. Baby boomers, on the other hand, controlled a clear majority of wealth at more than 52%. Generation X held 29.1% of wealth, and the Silent Generation held 12.36% of wealth, nearly twice as much as millennials, despite being 78 years old at the youngest and having far fewer members.