Zitat

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Lost Generations? Wealth Building among Young Americans

Eugene Steuerle, Signe-Mary McKernan, Caroline Ratcliffe, and Sisi Zhang

Despite the Great Recession and the fragile economic recovery, the wealth of Americans has grown significantly when a longer-term view is considered. Average household wealth approximately doubled from 19S3 to 20l0, and average incomes rose similarly. For many, the American dream of working hard, saving more, and becoming wealthier than one's parents holds true.

Unless you're under 40 . Today, those in Gen X and Gen Y have accumulated less wealth than their parents did at that age over a quarter century ago. Their average wealth in 2010 was 7 percent below that of those in their 20S and 30S in 1983- Even before the Great & Recession, younger Americans were on a strikingly different trajectory.

....But the young, on average, were falling behind even before the Great Recession. Factors likely include their reduced job prospects, lower employment rate, and lack of educational attainment that was higher than previous generations.

....If current trends for younger generations are not reversed, within a few decades they may become more dependent than older Americans today, especially in retirement, upon safety net programs less capable of providing basic support. As we grapple with broad issues of budget, tax, and educational reform, we need to be sure that such efforts include a focus now, not at some distant future point, on asset building for generations
X and Y and successor generations.

http://www.urban.org/UploadedPDF/412766-...g-Americans.pdf

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They drew some stupid conclusions, but the data is interesting.

Thanks for posting. I have downloaded to re-read.