Which generation has the most wealth?

Jay Pelham, CFP®, President at Kaufman Rossin Wealth, has provided his insights to U.S. News & World Report in the article, “Which Generation Has the Most Wealth.” The article details the distribution of wealth among different generations in the U.S..

Article Excerpt:

“A basic reason for this generation’s wealth is that they’ve benefited from the time value of money and reinvesting the interest,” says Jay Pelham, CERTIFIED FINANCIAL PLANNER™ and president of Kaufman Rossin Wealth in South Florida.

“If people earned and saved and invested the same percentage of their income for 20 years or more, they’ve accumulated more than someone who has done this for five or 10 years,” he says.

Another reason for this generation’s wealth is owning and then selling a successful business. “We see this with baby boomers quite a bit,” Pelham says.

Read the full article at U.S. News World & Report.