The problem is that wealth inequality in the USA has an age component.
Boomers are far wealthier than previous generations at their equivalent age as a percentage of national wealth. They are also incredibly sensitive to taxes as their retirement depends on managing wealth.
In contrast, Gen X and millennials are poorer than Boomers at their equivalent age and mainly contribute to the economy with their labor.
It isn’t a perfect divide, but there is a wealth divide that represents itself somewhat as a generational divide.
I’m so sick of this divisive generation claptrap.
The problem is that wealth inequality in the USA has an age component.
Boomers are far wealthier than previous generations at their equivalent age as a percentage of national wealth. They are also incredibly sensitive to taxes as their retirement depends on managing wealth.
In contrast, Gen X and millennials are poorer than Boomers at their equivalent age and mainly contribute to the economy with their labor.
It isn’t a perfect divide, but there is a wealth divide that represents itself somewhat as a generational divide.
If gen Z/A/Millennials had the same opportunities as the Boomers did they would do exactly the same.
Well, its obviously not my generation at fault. /s
talk to me when our president isn’t geriatric