Among the generational groups in U.S population, the ________ are still the wealthiest generation in U.S. history.
A) baby boomers
B) Generation Xers
C) Millennials
D) echo boomers
E) Silent Generation

Question

Quizplus · Accepted Answer

Baby boomers are generally defined as those born between 1946 and 1964, and they are still the wealthiest generation in U.S. history, according to various studies and surveys. This is because they have had the longest time to accumulate wealth through investments, home ownership, and other means. Baby boomers also benefitted from a strong economy during their prime working years and were able to take advantage of retirement savings programs like 401(k)s. Additionally, many baby boomers inherited wealth from their parents who lived through the Great Depression and were more frugal with their money. While younger generations are starting to catch up in terms of wealth accumulation, baby boomers still hold a significant advantage in terms of overall wealth.

Among the Generational Groups in U