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That's missing the point entirely: yes, older people usually have more money than younger people. But there's been a drastic, meaningful change in just how much
by scarmig 11y ago
That's missing the point entirely: yes, older people usually have more money than younger people. But there's been a drastic, meaningful change in just how much richer older people are than younger.
Maybe there are good reasons for this, maybe not, but it's not just a restatement of the obvious.
- mkozlows 11y agoExcept there hasn't really been. If you look at their graph of wealth by age for all cohorts, the younger ones are actually ahead of the older ones up until the 2008 recession hits; and yeah, they drop after that, but then resume climbing. The effect does not look drastic unless you cherry pick a few years to focus on.