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Are baby boomers richer than their parents? Intergenerational patterns of wealth ownership in the United States

Publication ,  Journal Article
Keister, LA; Deeb-Sossa, N
Published in: Journal of Marriage and Family
May 1, 2001

This study compares wealth ownership and mobility patterns among baby boomers and their parents to explore whether the baby boomers have fared as well during their working years and whether they will be as secure in retirement as their parents. Cohort comparisons using survey data indicate that baby boomers had accumulated more wealth as young adults than their parents had at a similar age. Estimates from a simulation model reveal that baby boomers had more wealth than their actual same-sex parents at every stage of the life course. The simulation model also reveals that baby boomers were considerably more likely than their actual same-sex parents to experience upward wealth mobility at each point in the life course. These results suggest that speculations that baby boomers may be the first generation to do worse than their parents are misleading.

Duke Scholars

Published In

Journal of Marriage and Family

DOI

ISSN

0022-2445

Publication Date

May 1, 2001

Volume

63

Issue

2

Start / End Page

569 / 579

Related Subject Headings

  • Family Studies
  • 2204 Religion and Religious Studies
  • 1701 Psychology
  • 1603 Demography
 

Citation

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Chicago
ICMJE
MLA
NLM
Keister, L. A., & Deeb-Sossa, N. (2001). Are baby boomers richer than their parents? Intergenerational patterns of wealth ownership in the United States. Journal of Marriage and Family, 63(2), 569–579. https://doi.org/10.1111/j.1741-3737.2001.00569.x
Keister, L. A., and N. Deeb-Sossa. “Are baby boomers richer than their parents? Intergenerational patterns of wealth ownership in the United States.” Journal of Marriage and Family 63, no. 2 (May 1, 2001): 569–79. https://doi.org/10.1111/j.1741-3737.2001.00569.x.
Keister LA, Deeb-Sossa N. Are baby boomers richer than their parents? Intergenerational patterns of wealth ownership in the United States. Journal of Marriage and Family. 2001 May 1;63(2):569–79.
Keister, L. A., and N. Deeb-Sossa. “Are baby boomers richer than their parents? Intergenerational patterns of wealth ownership in the United States.” Journal of Marriage and Family, vol. 63, no. 2, May 2001, pp. 569–79. Scopus, doi:10.1111/j.1741-3737.2001.00569.x.
Keister LA, Deeb-Sossa N. Are baby boomers richer than their parents? Intergenerational patterns of wealth ownership in the United States. Journal of Marriage and Family. 2001 May 1;63(2):569–579.
Journal cover image

Published In

Journal of Marriage and Family

DOI

ISSN

0022-2445

Publication Date

May 1, 2001

Volume

63

Issue

2

Start / End Page

569 / 579

Related Subject Headings

  • Family Studies
  • 2204 Religion and Religious Studies
  • 1701 Psychology
  • 1603 Demography