Tuesday, May 28, 2013

Teenage Angst Hasn't Paid Off Well

Mandi Woodruff:

For the most part, generations in America have followed a similar storyline: kids grow up to earn more and become more financially secure than their parents and grandparents before them. But that story ended with those born between 1965 and 1981, known as Generation X.

Using charts from recent studies on generational wealth gaps by the Pew Research Center and the Urban Institute, we've put together a clearer picture of what's gone wrong for Gen X.

So I guess the question is whether we should kill off our parents and seize their assets, or beg for charity from our younger siblings. Or both.