The single most disenfranchised segment of Americans in the past few decades has got to be the youth.This chart from Pew says it all.
The median net worth of people under 35 dropped 68% between 1984 and 2009. During the same period median net worth for seniors increased 42%.
A big part of this comes down to housing, says Pew: “Housing has been the main driver of these divergent wealth trends. Rising home equity has been the linchpin of the higher wealth of older households in 2009 compared with their counterparts in 1984. Declining home equity has been one factor in the lower wealth held by young households in 2009 compared with their counterparts in 1984.”
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