An article released today by the Associated Press notes that the largest recorded wealth gap between younger and older Americans currently exists. Figures show that a U.S. household headed by a person 65 or older is likely to have a net worth 47 times greater than a household headed by someone under 35. This means that the wealth gap is more than double what it was in 2005 and nearly 5 times what it was 25 years ago, after adjusting for inflation. 37 percent of households headed by a person 35 or younger, report having a net worth of zero or less.
http://www.wral.com/business/story/10345518/
No comments:
Post a Comment
IFC welcomes your comments and feedback. We look forward to civil discourse among members of the community. If you have any questions, please email us at: liaisons@ifcmailbox.org.