The Wealth Gap Between Young and Old

Discussion in 'Politics' started by Flopper, Nov 7, 2011.

  1. Flopper
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    Flopper Gold Member

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    The typical U.S. household headed by a person age 65 or older has a net worth 47 times greater than a household headed by someone under 35, according to an analysis of census data released Monday.

    While people typically accumulate assets as they age, this wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago, after adjusting for inflation.

    CBO: Top 1% getting exponentially richer
    U.S. middle class facing a lost decade
    U.S. poverty rises to 15.1%

    U.S. young-old wealth gap worse than ever - CBS News
     
  2. Liberty
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    Liberty Silver Member

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    [​IMG]
     
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  3. oreo
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    oreo Gold Member Supporting Member

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    So now it's the old farts fault that college grads can't get a job--:lol::lol::lol: Has nothing to do with government though--:lol::lol::lol:
     
  4. uscitizen
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    uscitizen Senior Member

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    The young must have patience, they will inherit their parents money and waste it in short order.
     
  5. Liberty
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    Liberty Silver Member

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    which is exactly why the death tax is so important right? Leviathan government FOR THE WIN! Right?
     
  6. Political Junky
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    Political Junky Gold Member

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    The inheritance tax doesn't affect anyone with less than $10,000,000.
     
  7. WillowTree
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    WillowTree Diamond Member

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    and this surprises you why? eggaxctly?
     
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  8. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    It's amazing how quickly ones wealth accumulates once they stop supporting their children.
     
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  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Dat's what Uncle Ferd always sayin' - Granny got alla money an' she keeps hold on it tighter'n Dick's hatband...
    :eusa_eh:
    U.S. wealth gap between young, old widest ever
    Sunday, November 6, 2011 - Baby boomers weathered the economic storm considerably better than younger Americans, leading to the largest wealth gap on record.
     
  10. hortysir
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    hortysir In Memorial of 47

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    Greedy old bastards
     

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