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Wealth
Economics

Gen X's Wealth Has Gone Up 50% During the Pandemic

  • Assets rose by $13 trillion since Q1 2020, Fed data show
  • Gen X, which suffered most during 2008 crisis, has rebounded

Generation X, the oft-overlooked demographic group squeezed between the Baby Boomers and Millennials, has experienced a wealth boom in the U.S. since Covid-19 was declared a national emergency.

During the pandemic, household wealth distribution has shifted from older generations to those who are reaching their peak earnings years, according to data from the Federal Reserve.