US baby boomers over 70 hold more than 30% of country's wealth

As a group, these older baby boomers have accumulated more than $14 trillion in additional net worth since the end 2019, based on Federal Reserve data. The share of adults age 65 and more in the labor force reached a historic low of 10% in the mid-1980s but has since almost doubled, according to Bureau of Labor Statistics data, even after many retired early at the…