Is the younger generation coming up, or is the older generation going down?
According to the 2015 Ipsos Affluent Survey USA, whatever is causing it, there are now more Gen Xers among the affluent class than there are baby boomers.
The survey defines “affluents” as adults living in households with at least $100,000 in annual household income—something that’s true for the top 23 percent of American households.
Affluents have a median income of $145,000 and a mean income of $227,000.
Thirty-seven percent of affluents, according to the survey, are Gen Xers (ages 34–50), while boomers, ages 51–69 make up 33 percent of the group. A quarter are millennials, ages 18–33, and five percent are seniors, 70 years old and older.
Affluents are certainly doing well for themselves.