cyberenviro | eportfolio

gregory donovan's eportfolio (a syndication of cyberenviro.org)

PewResearch: Old Prosper Relative to Young With 47:1 Age-Based Wealth Gap

According to the report: “As a result of these divergent trends, in 2009 the typical household headed by the older adult had $170,494 in net worth, compared with just $3,662 for the typical household headed by the younger adult. People generally accumulate wealth as they age, so it is not unusual to find large age-based gaps on this measure. However, the current gap is unprecedented. In 1984, the age-based wealth gap had been 10:1. By 2009, it had ballooned to 47:1.”





No comments yet

Sorry, the comment form is closed at this time.