NEWS FLASH

Wealth Gap Between Young And Old Hits Highest Level On Record | A new analysis of Census Bureau data released today shows that “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.” A household headed by someone 65 or older currently has a net worth 47 times greater than a household headed by someone under 35. After adjusting for inflation, “this wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago.”