Original Title 原标题The average American millionaire is 61 years old — here’s why young people are having a hard time joining the $1M club
美国百万富翁的平均年龄是61岁——年轻人难以加入百万美元俱乐部的原因
Some say youth is wasted on the young. But is wealth wasted on the old?
有人说，年轻人总是浪费青春。但是否可以说，财富浪费在老年人身上？
From 1992 to 2022, the average age of a millionaire increased from 57 to 61, according to a Business Insider analysis of data from both years’ Survey of Consumer Finances (SCF), which is conducted by the Federal Reserve.
《商业观察者》对联邦储备局发布的1992年和2022年的消费者金融调查的数据进行分析得出，从1992年到2022年百万富翁的平均年纪从57岁上升到61岁。
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As of 2022, 80.3% of millionaires are above the age of 50.
在2022年，80.3%的百万富翁的年纪超过50岁。
Between older people’s longer lifespans and younger people facing housing and affordability crises, it seems people under 50 are having a harder time building up their wealth.
在老年人变得更长寿和年轻人面临住房和支付能力危机之间，年龄在50岁以下的人似乎处于建立财富更为困难的时期。
“First-generation people who are not on the wealth train are having a harder time getting on," Chuck Collins, the director of the program on inequality and a co-editor of Inequality.org at the left-leaning Institute for Policy Studies, told Business Insider.
“如果第一代人不能登上财富列车，就会更难登上。”左翼政策研究所（Inequality.org）不平等项目的主任和联合编辑查克·柯林斯（Chuck Collins）对《商业观察者》说："没有搭上财富列车的第一代人，就更难上车了。”
Inheritance slowdown
继承速度放缓
One of the consequences of an aging millionaire population is that the pace of intergenerational wealth transfers has slowed.
百万富翁人口的老龄化带来的一个结果是代际之间的财富转移速度放缓。
“The millionaires are aging, and they're not passing that wealth down the generational line, or they're passing it on much later in life," Collins said. “Even the recipients are old.”
“百万富翁们越来越老，他们没有沿着代际线把财富传下去，或者说他们推迟了财富传递的时间。”柯林斯说：“甚至财富继承者也变老。”
Collins said that we’re starting to see 90-year-olds transferring their wealth to 60-year-olds, rather than 60-year-olds doing the same for 30-year-olds. He calls the phenomenon the “King Charles effect,” alluding to the current British monarch, Charles III, who waited until the ripe age of 73 before ascending to the throne.
柯林斯说，我们开始看到90多岁的老人把他们的财富转移给60多岁的下一代，而不是60多岁的人把财富转移给30多岁的人。他把这种现象称为”国王查尔斯效应”，暗指现在的英国君主查尔斯三世，他一直等到73岁才登上王位。
“It's very different to inherit a couple million dollars when you're in your 20s than it is in your 60s,” he said. “You've already made a lot of decisions in your life.”
“在你20多岁时与在你60多岁时继承数百万美元的差别是非常大的。”他说：“你已经在你的生命中做了很多决定。”
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Stimulates the economy
刺激经济
Meanwhile, America’s older millionaires aren’t exactly misers.
与此同时，美国老一辈的百万富翁们并不都是守财奴。
Seniors were responsible for 22% of all spending in 2022, according to the most recent SCF. Several media outlets reported on the older demographic’s free-flowing spending on cruises, restaurants and travel — and how this helped the economy recover post-pandemic.
据最新的消费者金融调查（SCF）发现，在2022年，长辈承担了所有支出的22%。多家媒体报道，老年人群在游轮、餐馆和旅行上消费甚多，并且帮助了后疫情时期的经济恢复。
Plus, the older, wealthier citizens are contributing to the tax base. The most recent SCF says that the average net worth for people ages 65 to 74 is $1,794,600.
另外，年纪大有更富有的公民对税基支持重大贡献。最新的消费者金融调查（SCF）表示，年纪在64岁到74岁时间的人群的平均净值为179万4600美元。
“We are collecting a good portion of our tax revenue from these folks,” Garrett Watson, a senior policy analyst at the Tax Foundation, told Business Insider. “That obviously underscores the progressivity of the system.”
“我们从这个群体中征收到很大部分的税收收入。”税务基金会的高级政策分析师加勒特·沃森（Garrett Watson）对《商业观察者》说：“这明显地凸现了税收制度的累进性。”
Watson added that there are still several tax provisions that help these older millionaires hang on to their wealth. But between their spending power and tax contributions, they are generating a lot of money for the country.
沃森补充道，目前仍有一些税收条款帮助这些年长的百万富翁保持财富。但从他们的消费能力和税收贡献来看，他们为美国创造了大量财富。
美国百万富翁的平均年龄是61岁——年轻人难以加入百万美元俱乐部的原因
Some say youth is wasted on the young. But is wealth wasted on the old?
有人说，年轻人总是浪费青春。但是否可以说，财富浪费在老年人身上？
From 1992 to 2022, the average age of a millionaire increased from 57 to 61, according to a Business Insider analysis of data from both years’ Survey of Consumer Finances (SCF), which is conducted by the Federal Reserve.
《商业观察者》对联邦储备局发布的1992年和2022年的消费者金融调查的数据进行分析得出，从1992年到2022年百万富翁的平均年纪从57岁上升到61岁。
As of 2022, 80.3% of millionaires are above the age of 50.
在2022年，80.3%的百万富翁的年纪超过50岁。
Between older people’s longer lifespans and younger people facing housing and affordability crises, it seems people under 50 are having a harder time building up their wealth.
在老年人变得更长寿和年轻人面临住房和支付能力危机之间，年龄在50岁以下的人似乎处于建立财富更为困难的时期。
“First-generation people who are not on the wealth train are having a harder time getting on," Chuck Collins, the director of the program on inequality and a co-editor of Inequality.org at the left-leaning Institute for Policy Studies, told Business Insider.
“如果第一代人不能登上财富列车，就会更难登上。”左翼政策研究所（Inequality.org）不平等项目的主任和联合编辑查克·柯林斯（Chuck Collins）对《商业观察者》说："没有搭上财富列车的第一代人，就更难上车了。”
Inheritance slowdown
继承速度放缓
One of the consequences of an aging millionaire population is that the pace of intergenerational wealth transfers has slowed.
百万富翁人口的老龄化带来的一个结果是代际之间的财富转移速度放缓。
“The millionaires are aging, and they're not passing that wealth down the generational line, or they're passing it on much later in life," Collins said. “Even the recipients are old.”
“百万富翁们越来越老，他们没有沿着代际线把财富传下去，或者说他们推迟了财富传递的时间。”柯林斯说：“甚至财富继承者也变老。”
Collins said that we’re starting to see 90-year-olds transferring their wealth to 60-year-olds, rather than 60-year-olds doing the same for 30-year-olds. He calls the phenomenon the “King Charles effect,” alluding to the current British monarch, Charles III, who waited until the ripe age of 73 before ascending to the throne.
柯林斯说，我们开始看到90多岁的老人把他们的财富转移给60多岁的下一代，而不是60多岁的人把财富转移给30多岁的人。他把这种现象称为”国王查尔斯效应”，暗指现在的英国君主查尔斯三世，他一直等到73岁才登上王位。
“It's very different to inherit a couple million dollars when you're in your 20s than it is in your 60s,” he said. “You've already made a lot of decisions in your life.”
“在你20多岁时与在你60多岁时继承数百万美元的差别是非常大的。”他说：“你已经在你的生命中做了很多决定。”
Stimulates the economy
刺激经济
Meanwhile, America’s older millionaires aren’t exactly misers.
与此同时，美国老一辈的百万富翁们并不都是守财奴。
Seniors were responsible for 22% of all spending in 2022, according to the most recent SCF. Several media outlets reported on the older demographic’s free-flowing spending on cruises, restaurants and travel — and how this helped the economy recover post-pandemic.
据最新的消费者金融调查（SCF）发现，在2022年，长辈承担了所有支出的22%。多家媒体报道，老年人群在游轮、餐馆和旅行上消费甚多，并且帮助了后疫情时期的经济恢复。
Plus, the older, wealthier citizens are contributing to the tax base. The most recent SCF says that the average net worth for people ages 65 to 74 is $1,794,600.
另外，年纪大有更富有的公民对税基支持重大贡献。最新的消费者金融调查（SCF）表示，年纪在64岁到74岁时间的人群的平均净值为179万4600美元。
“We are collecting a good portion of our tax revenue from these folks,” Garrett Watson, a senior policy analyst at the Tax Foundation, told Business Insider. “That obviously underscores the progressivity of the system.”
“我们从这个群体中征收到很大部分的税收收入。”税务基金会的高级政策分析师加勒特·沃森（Garrett Watson）对《商业观察者》说：“这明显地凸现了税收制度的累进性。”
Watson added that there are still several tax provisions that help these older millionaires hang on to their wealth. But between their spending power and tax contributions, they are generating a lot of money for the country.
沃森补充道，目前仍有一些税收条款帮助这些年长的百万富翁保持财富。但从他们的消费能力和税收贡献来看，他们为美国创造了大量财富。