How to tell if you’re a poor, middle-class, or rich US boomer — and the big thing to do now if you’re way behind

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How to tell if you’re a poor, middle-class, or rich US boomer and the big thing to do now if you’re way behind Vishesh Raisinghani Tue, September 1, 2026 at 4:45 AM PDT 7 min read Harmony Video Production/ Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you've read recent headlines, you're probably convinced everyone beyond the age of 60 is extremely rich. After all, the Washington Post (1) called the baby boomers the "wealthiest generation in history" last year. From gold-plated pensions to excessively large homes, boomers apparently have it all. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one JPMorgan sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold The tax breaks in Trump's ...

G20 live updates: Nvidia's Huang pushes for AI infrastructure in every country

Artificial intelligence is taking center stage at the G20 gatherings this week. Nvidia CEO Jensen Huang, Anthropic Co-Founder Tom Brown and OpenAI CEO Sam Altman highlight the tech-focused guests on Wednesday for day 2 of the G20 Innovation Ministerial in Chapel Hill, North Carolina. Commerce Secretary Howard Lutnick and White House Office of Science and Technology Policy Director Michael Kratsios are leading the conference, which gathers representatives of the G20 nations , including China, Brazil, Canada, Germany and others. Meta CEO Mark Zuckerberg and Tesla / SpaceX CEO Elon Musk were among the tech titans at Tuesday's session. Anthropic co-founder Tom Brown said he "really loved" a post from President Donald Trump on data centers this week that said communities opposing the new builds must want to be " backwards and poor ." "He was pointing out that the data centers are just an enormous source of prosperity. They produce a ton of jobs. They reduce taxes," Brown said in a chat with Commerce Secretary Howard Lutnick. "The way that we design them, we actually bring on more power to the grid." Trump took aim at public backlash towards data centers in a Monday post to Truth Social, saying communities will be "successful and rich, with far lower taxes and jobs all over the place" if they embrace the opportunity. "If we kill the Golden Goose, you will only have yourselves to blame. China could not be happier with this anti Data Center movement. Actually, they can't believe it is happening!" he wrote. Nvidia's Jensen Huang told CNBC that he has "had no conversations" at the G20 related to the Trump administration's forthcoming semiconductor tariffs. Commerce Secretary Howard Lutnick told CNBC's "Squawk Box" earlier Wednesday morning that tech giants are all aware that the Trump administration is working on a tariff framework for chips. He described the new import duties as a means to get companies to build their products in America. Huang, in his remarks to CNBC on the G20 sidelines, praised Lutnick for being "really quite supportive of building in the United States" and suggested other countries should follow that example. Kevin Breuninger and Megan Cassella The public backlash towards the AI buildout has leaders everywhere on notice. "There is a lot more pushback in the communities across the U.S.," Berkshire Hathaway CEO Greg Abel said in an interview with CNBC's Becky Quick . He added that the conglomerate would be interested in working with hyperscalers "if there was no impact to the rates of our other customers." Commerce Secretary Howard Lutnick dismissed opposition to data centers in the U.S. as "propaganda by our adversaries," while Treasury Secretary Scott Bessent blasted the companies themselves on Tuesday for doing a "horrendous job" of reassuring communities about the benefits of the AI buildout. Pennsylvania Gov. Josh Shapiro said Tuesday that "too many" data center developers don't care about the communities where the projects are being built. "Unfortunately, we've seen too many developers who don't care about our communities , who...

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