A data collected via a census states that the typical person aged 65 in America is 47 times more wealthy than a typical 35 year old.
That is a rather shocking figure. It could mean that the younger generation are not as prudent as the older ones. However, it might not be a bad thing for they probably have a better overall quality of life by spending more on luxury goods living not much left for savings.
This could potentially also be a problem as it further states that the median younger households has a net worth of only $3,662. Could this be a sign of a repeat in history?
That is a rather shocking figure. It could mean that the younger generation are not as prudent as the older ones. However, it might not be a bad thing for they probably have a better overall quality of life by spending more on luxury goods living not much left for savings.
This could potentially also be a problem as it further states that the median younger households has a net worth of only $3,662. Could this be a sign of a repeat in history?
