You're A Top 10% Baby Boomer If Your Net Worth Is Above This Number

Net worth — the total value of assets minus debts and liabilities — is a number that represents accumulated wealth. According to the USB Global Wealth Report 2025, the baby boomer generation is the wealthiest in American history, with more than $83 trillion in net wealth at their disposal. This generation has more than half of the nation's wealth despite making up only 24% of the adult population. And, with so many baby boomers already retired or rapidly approaching the age when they can leave the workforce, many can't help but wonder how their net worth compares to that of their peers. 

As of 2022, the Federal Reserve reports that people in the 65-to-74 age cohort have a median net worth of $410,000, while slightly younger boomers, who are lumped into the 55-to-64 age group, have a median net worth of $364,027. Those 75 or older (a cohort that includes the oldest baby boomers and individuals from the Silent Generation) are sitting at a median net worth of $334,070. 

Meanwhile, based on an analysis of Federal Reserve data, Harness says that you're in the top 10% among baby boomers if your net worth is more than $2.9 million. For older baby boomers who are over 75, you'd have an average net worth of at least $2.7 million to be in the top 10%. Having a high net worth is just one sign of being wealthier than the average baby boomer, but that's not all it takes to reach the top 10%.

It's true that one of the top three sources of income for retirees is Social Security, but many baby boomers also rely on investment income to support themselves in retirement. Likewise, real estate makes up a large portion of baby boomers' net worth — about 23%, according to the USB Global Wealth Report 2025 — and approximately 76% of retirees aged 65 to 74 own a home. Although homeownership rates overall saw a decline with the stagnant housing market in 2025, the number of retirees who actually own their homes held fairly steady. 

Aside from their primary residence, a boomer's net worth is derived from several sources, including 29.4% from corporate equities and mutual fund shares. They also have 11.9% of their wealth coming from defined benefit pension entitlements and 7.5% from defined contribution pension entitlements. However, because the money is often tied up in assets, even baby boomers with a net wealth in the top 10% might not have easy access to it.