Jake Falcon Quoted in Newsweek Article Discussing Generational Wealth Divide

By Luke Sullivan on October 1, 2025

“How Boomers Became the Wealthiest Generation”

By Aliss Higham, Newsweek 

Jake Falcon, Founder and CEO at Falcon Wealth Advisors, told Newsweek, “Boomers benefited from a multidecade bull market in both housing and equities. Younger adults today face inflated housing prices, higher student debt burdens, and more volatile job markets, making it harder to accumulate wealth early.” 

The article explores how Baby Boomers amassed an estimated $82 trillion in net worth—more than double Gen X- and four-times Millennials—thanks to favorable economic conditions, low housing costs, and steady wage growth during their prime earning years. Falcon’s insights highlight the uphill battle younger generations face in replicating that success, especially as they contend with rising debt and fewer long-term financial benefits. 

Falcon also warns that this growing wealth gap could threaten economic mobility and strain public resources. Without policy changes to address housing affordability and incentivize saving, younger Americans may struggle to build wealth and achieve financial independence. 

Click here to read the full article


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