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I won't speculate on the nytime's possible editorial status on the question of class politics, but the bulk of the disparity has to do with the fact that young
by mynameishere 19y ago
I won't speculate on the nytime's possible editorial status on the question of class politics, but the bulk of the disparity has to do with the fact that young people tend to go into debt, adults tend to earn and save, and old people tend to divest.
- pchristensen 19y agoAgreed. A couple years ago I was a married student with a kid and a $17K stipend, taking out $XX,000 in loans. Now I'm not borrowing any more money (well, except the house), paying back tons every month, and earning many times what I was then. In two years, I moved from the 20-40% to the 60-80% quintile just by graduating and working. So I'd agree that those bottom two quintiles are distorted by students (not sure how much though)