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

by on November 13, 2011 at 1:56 pm · Filed under employment, identity, link, prosperity, wealth gap, work, youth

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.”

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CBS: Homeless Children: The Hard Times Generation

by on July 1, 2011 at 10:19 pm · Filed under employment, informationalism, infrastructure, labour, link, poverty, security, us, youth

> From the story: “… it is estimated the poverty rate for kids in this country will soon hit 25 percent. Those children would be the largest American generation to be raised in hard times since the Great Depression.”

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