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David G
04-18-2018, 07:39 PM
Since 1989 --

https://rwer.wordpress.com/2018/04/19/inter-generational-wealth-redistribution-in-the-usa-1989-to-2016/

David G
04-18-2018, 10:09 PM
Here's the graph --

https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fftalphaville-cdn.ft.com%2Fwp-content%2Fuploads%2F2018%2F01%2F04162404%2Fchart11 .png?source=Alphaville

J.Madison
04-18-2018, 10:40 PM
And yet they disparage millennial's concerns endlessly....

Chip-skiff
04-18-2018, 10:48 PM
What I get from the graph is that the whole "trickle-down" idea of wealth being distributed is arsewash.

The older people with money are clearly hanging onto it, not creating jobs for the young and less fortunate, to an extent that a significant amount of wealth is redistributed by the so-called free market. .

David G
04-18-2018, 10:56 PM
What I get from the graph is that the whole "trickle-down" idea of wealth being distributed is arsewash.

The older people with money are clearly hanging onto it, not creating jobs for the young and less fortunate, to an extent that a significant amount of wealth is redistributed by the so-called free market. .

Ayup

gypsie
04-19-2018, 12:22 AM
Its mostly the property market. As property values go up then those who own their homes outright hold the greatest amount of wealth.
The property boom we are experiencing here in Australia for example amounts to a transfer of wealth from the younger generations to the older.

Stiletto
04-19-2018, 02:43 AM
There is currently a shift of wealth to the baby boomer generation as their parents die off and leave them the money.

Chris249
04-19-2018, 04:59 AM
Eh? Who is sitting on it?

It's apparent that the graph shows that the 55 years + crowd are to blame. Ask me that in 16 days and I may have a different perspective.......

Too Little Time
04-19-2018, 07:14 AM
Compound interest and time seem to be mostly responsible.

It is worthwhile to look at the distribution within age groups: http://www.fourpillarfreedom.com/visualizing-the-net-worth-of-americans-by-age/