Pew: Wealth gap between young and old at all-time high

Around here we occasionally take swipes at the Baby Boomers, alleging that they have, for example, constructed a culture around catering to their own narcissism that they now blame for everything. But the real objection to the boomers is that there are so many of them. That’s why so much TV in the 1980s was about the 1960s—or simply about being thirty—and why in August we declared that a 66 year-old had the best body in the world. It’s also one reason why it’s so difficult for a person my age to buy a home, and probably why half the country insists we cut all functions of government except Social Security, and maybe why the financial services industry dominates the economy and Congress. The Baby Boomers bought all the houses and made all the money and voted in all the congresspeople already, and now they are enjoying a well-deserved lockdown on society after five hard decades of mere dominance. If all this sounds like unsourced complaining to you, consider the news from the Pew Center that, in 2009, the gap in wealth between young and old reached an all-time high.

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