The US wealth gap is widening: Americans aged 70+ now own a record 38.9% of all US equities held by households. The percentage has surged +10 percentage points since 2020, and has doubled since 2008. As a result, these individuals currently own $19.9 trillion of equities and mutual funds. At the same time, they own a record 32.0% of all US household wealth, or $53.1 trillion. By comparison, this percentage was ~20.0% between 2006-2010. The wealth gap across generations is widening at a record pace.