Federal Reserve Survey: Families Led by Those Aged 75 and Older Are Richest in U.S.

These 18 million households now rank as the richest in the U.S., new Fed data shows

The smallest age group in the U.S. is also the richest, with a 37% jump in net worth over the last three years — far higher than any other group.

Federal Reserve survey: Families led by those aged 75 and older are richest in U.S.

WASHINGTON — Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America’s wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.

These 18 million households now rank as America's richest

Sometimes the key to building wealth is just sticking around, new Federal Reserve data suggests. The 18 million U.S. households headed by someone 75 or older have the highest median net worth of any age group, according to the Fed's triennial Survey of Consumer Finances. Americans in that…