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Generation X (those born between 1965-1980) only command 9% of the wealth, despite making up 20% of the total population. The survey showed that 55% of Generation X are unsettled about retirement.
Everyone has a different idea of what wealth is. You could ask 20-somethings what they think wealth is, and they might describe extravagant houses or a private jet. Someone older might mention ...
It just depends on the intentions and the use made of it by its possessors. The books tell us that there are three primary factors in the production of all wealth, viz., land, labor, and capital.