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Ok, do you have the statistics at hand? What do they tell us?

• toomuchtodo 11y ago
  Look at employment figures by age group and labor participation rate. You'll find that older people are working longer because they can't afford to retire. Also, Google "calculated risk blog" and read the last 2 months or so of posts. Pay careful attention to the posts about reduced GDP due to demographics, as well as new household formations lagging due to structural economic issues. TLDR Ain't nobody moving up in any cohorts. 70% of people make less than they did 12 years ago.