Quote:
Originally Posted by Ryan Coke
Maybe it's that the older generation is better and saving and wealth accumulation. When a younger generation doesn't understand restraint and living within means, the natural by-product would be diminished wealth accumulation.
It didn't say the wage gap was bigger than ever, it said net worth.
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It could just be the time factor. I save a significant percentage of my annual income, but since I've only been working a few years, my total net worth is much lower than it will be in the future. (After my savings continue to grow/mortgage paid off)
For the vast majority of people, their net worth will go up over time. A fair intergenarational comparison would be some sort of inflation adjusted amount for when both generations were the same age.