First - you need to watch out for averages. The average includes billionaires who skew the hell out of your result. You should use the median over the average in any situation like this. The median net worth is $140k for boomers near retirement age.
Second- you need to watch out for "net worth" vs "savings".
"Savings" is CASH, EQUITIES, etc. Cash. MONEY. You can buy food with it.
"Net Worth" is Cash, Equities, etc. PLUS your car, your property, and oh.. you know.. your HOUSE.
The median Home value is $189,000. So with a median home price of $189k and a median net worth of $140k, that means most boomers haven't even paid their house off yet. And, you can't eat your house. And you can't live in your house and turn it into an income stream except with a reverse mortgage.
As the other person responding indicated- they changed the definition of U6. If you are "long term discouraged" you were dropped from U6 in 1994. In every generation previous to this one, you would have been expected to work and you would have been counted as unemployed. Now you are not.
Here's the data...
Total Working Age Population (16-54 years of age): 248,657,000
Total Nonfarm Employees (16-54 years of age): 114,523,000
Percentage Of Working Age Americans Employed (Full or Part-Time): 46.05%
Just for comparative purposes here is the same calculation at the turn of the century (January 1st, 2000):
Total Working Age Population (16-54 years of age): 211,410,000
Total Nonfarm Employees (16-54 years of age): 118,602,000
Percentage Of Working Age Americans Employed (Full or Part-Time): 56.10%
So roughly 25 million 16 to 54 year olds who were working in 2000 that are not working today. And I see this. Those poor kids in their mid 30's who have worked their asses off (degrees, getting up at 3am to work a 6am to 5pm shift) and they still don't have money saved for a house because a degreed professional job pays $32,000. Plus their college debts were 10x what mine were. (I got my COSC degree for $8200 TOTAL between 1985 and 1993) Insane.
The problem is people "enclave" up and only see people like themselves. So the ones who are doing okay get to pretend everyone else is doing as well as they are.