Americans over 70 hold more than 30% of the country’s wealth

As a group, these older baby boomers have accumulated more than US$14 trillion in additional net worth since the end 2019, based on US Federal Reserve data. — Bloomberg

NEW YORK: Most don’t work anymore, but Americans aged 70 and older have seen their share of collective wealth surge during the pandemic.

As a group, these older baby boomers have accumulated more than US$14 trillion in additional net worth since the end 2019, based on US Federal Reserve data.