Buried lede: IMO the most important sentence in this is: > Millennials are the first to live through an era in which asset ownership matters more than income a

Buried lede: IMO the most important sentence in this is: > Millennials are the first to live through an era in which asset ownership matters more than income and job mobility. In the US I will add that this is a predictable outcome on intentional changes in patterns of wealth capture which began c. 1970 and accelerated in several stages thereafter via the feedback systems between wealth accumulation, and political and media capture. TL;DR: in the US almost all real wealth gains have since 1970 gone to the upper few percent of wealth holders; the "19%" mentioned in the article refers primarily to what I call the "halo class" or DMZ of the uber-wealthy, which others have called the precariate: those wealthy enough to enjoy the trappings of what was in the 70s an upper-middle class income/wealth, but is now a precarious prerogative today. It is arguably the function of this precariate class to defend wealth recovery by lower tiers, out of fear of falling into them, regardless that the main impact of this is to prevent wealth recovery from the very few who have captured almost all of it. These btw are not opinions and the data is no way controversial, editorialization such as attribution of anxiety and behavior to the upper 10-20% aside. This is well-known, richly documented, easy to prove, etc., yet almost entirely undiscussed in mainstream media including allegedly nonpartisan outlets like NPR whose intended function (at least on paper) was to serve public interest. I will assert that this is directly related to the capture of media and government by extreme wealth. -- Why mention this? Because it is reversible; and reversing it is IMO a mandatory step if we seek not just to preserve social coherence and democracy in the US (and West), but also as a precondition for taking meaningful collective action wrt climate change. Prediction: we won't do either; and my children will live to see an almost unimaginably more brutal and ugly world than the one I was myself promised.