Wealth of Older Americans Now 47 Times That of Young AdultsNovember 7, 2011 4:50 pm
The wealth gap is the widest ever – we spotted this today:
“The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt.
The typical U.S. household headed by a person age 65 or older has a net worth 47 times greater than a household headed by someone under 35, according to an analysis of census data released Monday.”
Statistics Source: Yahoo Finance
We had earlier spotted student loan stats. We’ll now be talking trillions!