Quick Read
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The Fed found under-35 families lost 23% of median net worth, falling to $33,000, as pandemic-era private business equity gains reversed.
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Families 75 and older gained 37%, reaching a $504,900 median net worth, driven primarily by rising retirement account values.
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Under-35 retirement account participation climbed from 42% to nearly 50% since 2016, the largest increase of any age group.
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The Federal Reserve's report Changes in U.S. Family Finances from 2022 to 2025 draws on the 2025 edition of its Survey of Consumer Finances. It found that families younger than 35 saw median net worth decrease 23% to $33,000, while mean net worth fell 33% to $135,400. The comparison runs from the 2022 survey to the 2025 survey. Every figure is in 2025 dollars and reports family balance sheets as they stood when the 2025 interviews took place. Over the same period, the median for families 75 or more rose...