The average age of wealthy households in the US is trending downward, as GenX and Millennial investors begin to accumulate great personal wealth from successful careers and/or sizeable inheritances, according to a new study by Spectrem Group.
The Wealthiest Americans: $25 Million Plus Investors study also showed that in addition to being younger than ever before, with the mean age of $25 million-plus investors dropping 11 years since 2014 to 47 years old in 2018, American households with net assets of $25 million or more include more females than previously.
Younger investors expect much higher returns th...