Equity wealth has become increasingly concentrated in the hands of adults leaving Millennials and GenZ struggling to make ends meet. Not just stocks, even the housing market is dominated by one age group in the U.S. and they’re not the younger generation. This puts the younger population under immense work pressure as affording a decent house is beyond imagination.

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Expenses have skyrocketed in the U.S., making it difficult for people to afford a decent living. The younger generation is unable to meet ends and paycheck to paycheck with little to no savings. While jobs are aplenty in the market, the competition to bag top pay has turned fierce. They are unable to invest in the U.S. stock markets as the returns are not guaranteed.

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79% of All U.S. Stocks Are Owned By This Age Group

About 30% of the U.S. population belongs to the 55-year-old and above age group but they own 79% of stocks. Only 21% of all U.S. stocks are held by the younger generation, which combines both Millennials and GenZ. The difference is massive and the wealth is concentrated by the older population.

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Not just the U.S. stocks, even 71% of all the housing wealth is concentrated by the generation born above 1969. Only 11% of all housing wealth is being held by Millennials and GenZ. Deutsche Bank researchers wrote that the older population is steadily investing in both stocks and fixed income.

The profits made in the U.S. stocks are being poured into fixed-income assets for life security. This puts the older generation in a better position to sail through life than the younger ones. The younger population now needs a minimum yearly salary of $100,000 to be considered to opt for a housing mortgage. For the older generation, their entire house was worth around or less than $100,000 back in the day.