Wealth gap between young and old is historic
Older Americans are now 47 times richer than the youngest generation, marking the largest wealth gap ever recorded between the two age groups, CNNMoney.com reported. In 2009, households headed by adults age 65 and older held a median net worth of $170,494, while households headed by adults age 35 and younger held a net worth of $3,662, according to a report by the Pew Research Center. A generation ago, the older age group was richer than the younger by a 10-to-1 ratio.
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