Older Adults Are Now 47 Times Richer Than Those Under 35:
There's been a huge increase in the wealth gap between older Americans and those just entering adulthood, according to a new analysis of Census Bureau data done by the Pew Research Center.
According to Pew's study:
In 2009, "households headed by adults ages 65 and older ... had 47 times as much net wealth as the typical household headed by someone" under 35 years of age. Pew says that "back in 1984, this had been a less lopsided 10-to-1 ratio."
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