India, June 26 -- Baby boomers, the generation born between 1946 and 1964, are expected to control nearly $90 trillion in U.S. household wealth by the end of 2025.

This means boomers hold more than half of all household wealth in the United States. On average, each boomer has a net worth of more than $1.6 million. However, experts say this average number can be misleading because a small number of very wealthy people push the average much higher.

While the average net worth is above $1.6 million, the median net worth is only around $370,000, according to Investopedia. Median means the middle point where half of boomers have more wealth and half have less. Financial experts say the median gives a more realistic picture of what a typical ...