The growing wealth gap that nobody is talking about

What are your odds of being a millionaire, do you think? One in 10? One in 50? One in 100?

If you’re over 62, your odds of having at least $1 million in net wealth (your total assets minus your total debt) are relatively achievable — about 1 in 7. But if you are under 40, your odds are low: 1 in 55.

In the last 25 years, the odds that an old person is a millionaire have improved slightly. But for young people, they have gotten much worse.

Source: The growing wealth gap that nobody is talking about – The Washington Post