Median asset value for male Echo Boomers remained unchanged, while the average slightly increased. Median asset value for female Echo Boomers also remained unchanged, while the average slightly increased. For all Echo Boomers, the average value of assets (such as savings and retirement) decreased 5.64% from June. Given that the average debt increased 1.75% from June, and the average value of assets dropped, the average wealth obviously decreased. Of course, when we look at the median, we see no changes.
The main negative of this update is that over half of Echo Boomers have no liquid financial assets.