Young baby boomers have the highest average income, according to a new study.
MetLife Mature Market Institute, Westport, Conn., unveiled this finding in tandem with the release of a series of publications that produces demographic profiles of different age segments of American adults. The series provides a history of the generations– Gen Y, Gen X, the Younger Boomers, Middle Boomers, Older Boomers and Americans 65-plus–born since the early 1900s.
The MetLife MMI study concludes that boomers between the ages of 45 to 50 have the highest average income.
Among the study's other findings:
–There are almost as many members of Gen Y (born 1977-1994) in the U.S. are there are in the largest group, the Baby Boomers.