Wealth Gap Between Young and Old Widest Ever
Submitted by kmattison on Mon, 11/07/2011 - 12:00pm
The typical U.S. household headed by a person age 65 or older has a net worth 47 times greater than a household headed by someone under 35. While people typically accumulate assets as they age, this wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago, after adjusting for inflation.
Full Article at CNBC
More from the Pew Research Center: The Rising Age Gap in Economic Well-Being, The Older Prosper Relative to the Young (Click Here for Article)