> They're also on average the wealthiest age demographic in the US. That's true, but it's a bit misleading IMO. Older folks might have accrued more wealth than

> They're also on average the wealthiest age demographic in the US. That's true, but it's a bit misleading IMO. Older folks might have accrued more wealth than younger demographics, but they're not really adding to it each year. For example, the 65-69 age range has a median net worth of ~$194k[0]. However, somebody in that age range is likely retired and will be living off of that $194k for the remainder of their life. Conversely, somebody under 35 might only have a net worth of $6.6k but will likely be bringing in ~$4,000 each month. Were an individual in the 65-69 age range to withdraw $4,000 per month, they'd be out of money in 4 years. Realistically, most might withdraw around $2,000 per month (before or after Social Security). That's where my parents are at. They really have much less to spend even though they have a lot saved up. If you take into consideration home equity, it's more apparent why property taxes and such are a big deal to older folks: upwards of 80% of their assets are in their house[1]. [0]: http://www.businessinsider.com/heres-the-average-net-worth-of-americans-at-every-age-2017-6 http://www.businessinsider.com/heres-the-average-net-worth-o... [1]: https://amp.businessinsider.com/images/593580d679474c17018b6a04-640-343.png https://amp.businessinsider.com/images/593580d679474c17018b6...