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From Home Furnishing Business
FastFact: Today’s Seniors More Affluent
March 28,
2016 by in Economic News, Industry 
Today’s senior generation is more active and affluent than previous senior generations.
Of the 46 million Baby Boomers, about a quarter of them have annual incomes of $100,000 or more and a net worth of $400,000 or more. Currently, households over 65 have average net worth’s nearly double that of younger households.
According to The Demand Institute, 40 percent of households in the U.S. are headed by someone between the ages of 50 and 69 and this group holds 54 percent of all household wealth. As this group ages into retirement, more money will go toward the home improvement industry.
The complete FastFact can be viewed online.