6/11/09

Did the world’s wealthiest generationforfeit their children’s financial futurefor present prosperity?

The median household


with a person between the ages of 55 and 64


 saw its wealth fall by almost 50 percent


from $315,400 in 2004 to $159,800 in 2009


 


Center for Economic and Policy Research


 



Did the largest generation of parents in American history


promise themselves social benefits


their children won’t be able to pay for?


 


If we don’t change directions


we’ll end up where we’re going


 


Bumper Sticker on My Car


Could more than a few Baby Boomers


end up competing with their children and grandchildren


for low wage jobs?

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