Share of Household Net Worth Held by Millennials (and younger) (Fed DFA)

## What this measures

The percentage of all U.S. household net worth held by households headed by someone born 1981 or later, quarterly from 1989:Q3. Latest: 11.2% in 2026:Q2. The series began at zero in 1989:Q3.

## Why it matters

It is the official measure of how much of the country's wealth the youngest adult generations hold, the number behind any comparison of their position with older generations at the same stage.

## How to read it

The four generation shares sum to 100 each quarter. A share moves with the cohort's size and age as much as with markets, so read it against the other three, not against zero.

## What it does not say

The Fed sorts households by the birth year of the reference person: "Silent" is everyone born before 1946, Baby Boom 1946–1964, Gen X 1965–1980 and "Millennial" everyone born in 1981 or later, so the Millennial group also holds Gen Z and younger. Generations differ in size and in age, so a share says nothing about wealth per household or per person. The DFA is a model that distributes the aggregate Financial Accounts using the Survey of Consumer Finances; it is revised each quarter.

## Source

Federal Reserve Board, Distributional Financial Accounts (DFA), dfa-generation-shares.csv in dfa.zip (federalreserve.gov/releases/z1/dataviz/dfa). Quarterly from 1989:Q3, republished with each Z.1 release (mid-March, June, September and December); every run rewrites the whole history so revisions carry through. Federal Reserve Board data are in the public domain. Refreshed by /api/cron/dfa-sync.