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Lost Generations? Wealth Building among Young Americans

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Document date: March 15, 2013
Released online: March 15, 2013

Abstract

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.

Interactive Chart: Lost Generations? Younger Generations Are No Longer Richer than Their Predecessors

To see more research on wealth and the great recession, see our page, The Changing Wealth of Americans.

 



Topics/Tags: | Economy/Taxes | Housing | Poverty, Assets and Safety Net | Retirement and Older Americans


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