Submitted by CARPE DIEM

A previous CD post documented the significant gains in real income (not counting fringe benefits) over just a single generation (for ALL income groups), based on a sample of individuals who were between the ages of 0 and 18 in 1968 and have been tracked into adulthood.

Another important financial gain over that same generation from the late 1960s to the late 1990s was the significant increase in real net household wealth from about $159,000 per household in 1969 to $452,000 by 1999 (according to data from the Federal Reserve, adjusted for inflation using the CPI). In other words, at the same time that real median household income rose by 29% between the two generations, average real household net worth almost tripled!

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