Median Net Worth
It pains me to see close friends and past co-workers having a difficult time finding a job. And it also pains me to know that I work with a nurse who's daughter just graduated college, and can't find work anywhere. She has a Bachelor's degree, spent over 150,000 in college loans and no job to help pay that off. So while Republicans are finding ways to make it harder on students, the elderly, and Latinos to vote in 2012, they are also blocking legislation which could help our college students with another major crisis - their debt.
Adding salt to the wounds of the new lost generation:
According to analysis by the Pew Research Center released Monday, younger Americans have been left behind as the oldest generation has seen wealth surge since the mid-1980s.
While it’s typical for older generations to hold more wealth than younger ones who’ve had less time to save, the gap between the two age groups has widened rapidly.
In 1984, households headed by people age 65 and older were worth just 10 times the median net worth of households headed by people 35 and younger.
But now that gap has widened to 47-to-one, marking the largest wealth gap ever recorded between the two age groups.
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Hope you enjoy my daily posts, and hope to hear from you soon.
- Blade 7184 aka Peter
1 comment:
The great thing about the Occupy Wall Street movement is that everyone from all walks of human life is participating, including older people. Hopefully it continues so that we can finally get some much needed change in this country of ours as well as some economic equality.
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