Generation$ Gap: Gen Xers Get Short End of Boomers' Wealth
Generation Xers, those born to the Baby Boomers between 1960 and 1980, could be headed for economic disaster. Not only are they unlikely to get an inheritance from their aging parents -- because of their losses during the Financial Crisis -- but they will also be on the hook to pay off the mounting government debt amassed to get out of the Great Recession.
"The last 30 years has seen a considerable dropoff in median household growth compared to earlier generations," according to Economic Mobility: Is the American Dream Alive and Well?"
The report, an initiative of the Pew Charitable Trusts, contends that the income decline is more than an economic statistic. It is, the report says, an indication of a profound societal change.
Read the full article at nypost.com.
- Economic Mobility Project