Pumpkin guts in my hooha is a serious fear now!

Yeah, no. It's, uh, The Mike Show.

All right, so you may have guessed, uh, the, uh, the, uh...

What is, what is the greatest percentage of America's wealthiest? The age group is people aged 75 and older.

Uh, let me get a, uh, let's find a sound effect here one second.

[bell dings] Yeah, 75 and older.

Um, that's one group of Americans that's, uh, feeling the economic pain less than anyone else.

Um, well, they're feeling every other type of pain more.

So yeah, that's, that's according to a new report from the Federal Reserve, America's wealthiest group.

Uh, and it, I mean, it makes sense.

You know, it really does.

They've benefited from a surge in property values in recent decades.

There have been steady gains in the stock market for most of the past few decades.

They've had plenty of time to grow into their careers while sidestepping the worst of kid-related costs.

So if you're over 75, uh, you may have sent your kids off to college before the, uh, rising costs of the 21st century.

Um, for the oldest families, uh, aged 75 and older, median net worth jumped to nearly $505,000, half a million plus 5,000, up from just 367,000 in 2022.

Three years ago, people aged 65 to 74 were the richest.

All the figures, by the way, have been adjusted for inflation.

Uh, those aged 35 and below reported median net worth of a mere $33,000.

But by the way, that's a drop, 23% from 43,000 in 2022.

Education has a major impact on net worth.

The median net worth of someone with a college degree is, uh, half a million dollars, down slightly from, uh, 509,000 in 2022.

For people with just a high school diploma, the median net worth is 107,000.

And if you don't graduate high school, the median net worth is a mere 18,600.

And that group is really struggling recently.

Uh, by the way, down 55% in net worth from 42,000 in 2022.

Yeah, no. It's, uh, The Mike Show.

All right, so you may have guessed, uh, the, uh, the, uh...

What is, what is the greatest percentage of America's wealthiest? The age group is people aged 75 and older.

Uh, let me get a, uh, let's find a sound effect here one second.

[bell dings] Yeah, 75 and older.

Um, that's one group of Americans that's, uh, feeling the economic pain less than anyone else.

Um, well, they're feeling every other type of pain more.

So yeah, that's, that's according to a new report from the Federal Reserve, America's wealthiest group.

Uh, and it, I mean, it makes sense.

You know, it really does.

They've benefited from a surge in property values in recent decades.

There have been steady gains in the stock market for most of the past few decades.

They've had plenty of time to grow into their careers while sidestepping the worst of kid-related costs.

So if you're over 75, uh, you may have sent your kids off to college before the, uh, rising costs of the 21st century.

Um, for the oldest families, uh, aged 75 and older, median net worth jumped to nearly $505,000, half a million plus 5,000, up from just 367,000 in 2022.

Three years ago, people aged 65 to 74 were the richest.

All the figures, by the way, have been adjusted for inflation.

Uh, those aged 35 and below reported median net worth of a mere $33,000.

But by the way, that's a drop, 23% from 43,000 in 2022.

Education has a major impact on net worth.

The median net worth of someone with a college degree is, uh, half a million dollars, down slightly from, uh, 509,000 in 2022.

For people with just a high school diploma, the median net worth is 107,000.

And if you don't graduate high school, the median net worth is a mere 18,600.

And that group is really struggling recently.

Uh, by the way, down 55% in net worth from 42,000 in 2022.