|11-07-2011, 01:40 AM||#1|
A verbis ad verbera
Join Date: Mar 2006
Location: Long Beach
Old people have all the cash! Occupy Leisure World!
WASHINGTON (AP) — 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.
While people typically accumulate assets as they age, 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, after adjusting for inflation.
The analysis reflects the impact of the economic downturn, which has hit young adults particularly hard. More are pursuing college or advanced degrees, taking on debt as they wait for the job market to recover. Others are struggling to pay mortgage costs on homes now worth less than when they were bought in the housing boom.
GRRR **** old people I say we make the retirement age 75! oh and lets go occupy some Leisure Worlds! until those oldies give some money back!
|11-07-2011, 09:18 AM||#2|
Join Date: Dec 2002
Location: In a van down by the river
Hey, OWS is on it. They pushed a couple of old ladies down stairs at a Conservative meeting this weekend. Tacky, violent, uninformed, AND immoral--we are the 99%.