Friday, March 15, 2013

The Urban Institute on the next generation's wealth

Tyler Cowen points us to a new Urban Institute report on the wealth of the next generation. The report itself seems to have some link problems but I'm sure that'll be fixed soon. Here's the summary:
"Despite the Great Recession and slow recovery, the American dream of working hard, saving more, and becoming wealthier than one’s parents holds true for many. Unless you’re under 40. Stagnant wages, diminishing job opportunities, and lost home values may be painting a vastly different future for Gen X and Gen Y. Today’s political discussions often focus on preserving the wealth and benefits of older Americans and the baby boomers. Often lost in this debate is attention to younger generations whose wealth losses, or lack of long-term gains, have been even greater."
The authors are a great group that work on these issues often. I've worked with all of them.


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