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That probably makes the statistics even more concerning. It means that 9% of wealth held by those under 40 is in fact even less for the typical person under th
by tux1968 6y ago
That probably makes the statistics even more concerning. It means that 9% of wealth held by those under 40 is in fact even less for the typical person under that age, since it is concentrated in fewer members of the group than it once was. So not only has the overall percentage of wealth shrunk from 19% to 9%, it is concentrated in fewer people of that age group.
- jcims 6y agoFor me it just means that 'under 40' is a meaningless way to bin the statistic and creates a completely unnecessary and counterproductive us-v-them. There is a huge swath of people over 40 that are financially fucked, some portion of which due to circumstances completely outside of their control, and they all have much less time to recover before they age out of the workforce.