The retirement wealth of the baby boom generation

Edward N. Wolff

    Research output: Contribution to journalArticle

    Abstract

    The paper compares the well-being of the baby boom generation (ages 40-55) in 2001 with the same age group in 1983. I find little evidence that their relative position deteriorated over the period. By some indicators, this generation has seen an improvement. In terms of income, the 40-55 age group was at about the same relative position in 2001 as in 1983. In terms of conventional wealth, there was some slippage over the period. In terms of mean augmented wealth (net worth plus pension and Social Security wealth), their relative position improved somewhat but in terms of median augmented wealth there was again some slippage.

    Original languageEnglish (US)
    Pages (from-to)1-40
    Number of pages40
    JournalJournal of Monetary Economics
    Volume54
    Issue number1
    DOIs
    StatePublished - Jan 2007

    Keywords

    • Baby boomers
    • Pensions
    • Race
    • Social Security
    • Wealth

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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