Families aged 75 or older had the highest median and mean net worth in the Federal Reserve’s 2025 Survey of Consumer Finances, reversing the ranking seen in prior survey years. Their median net worth was $504,900, compared with $431,300 for families ages 65–74 and $411,900 for those ages 55–64; their mean was $1,962,200, narrowly above $1,897,600 for ages 65–74. The Fed attributed the oldest group’s gains primarily to higher retirement-account values and said retirement-income growth also played a key role. Median net worth for families over 75 rose 37% from 2022 to 2025, while median income increased 24%. By contrast, families under 35 saw median net worth fall 23% to $33,000 as earlier business-equity gains unwound. Retirement-plan participation among families with reference persons 64 or younger reached 65.1%, up from 64.4%, while mean retirement-account balances ranged from $48,400 for families under 35 to $670,200 for those ages 55 to 64 among account holders.