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November 7, 2011

US wealth gap between young and old is widest ever

US wealth gap between young and old is widest ever - Health - msnbc.com:

'via Blog this'

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.

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