S&P 500 Investment Could Yield $550K to $1.1M for Boomers

In a recent discussion, financial influencer Caleb Hammer stated that if American baby boomers invested 5% to 10% of their average salaries in the S&P 500 since 1990, they could have accumulated between $2 million and $5 million. However, calculations show that an average earner saving 5% would have around $550,000, while a 10% savings rate would lead to about $1.1 million by 2025. This data is based on Social Security Administration figures indicating wage growth from $21,028 in 1990 to $69,847 in 2024. This information could influence both millennial perceptions of wealth accumulation and investment strategies going forward.