“The Distressing Growth of Wealth: Inequality of Boomers Gaps between the haves and have-nots, and what could shrink them” – next avenue

Wealth_DisparityCredit: @taliamarie via Twenty20

by Richard Eisenberg

In her piercing new book Unbound: How Inequality Constricts Our Economy and What We Can Do About It, economist Heather Boushey writes: “The trend toward greater economic inequality continues its seemingly inexorable march.” Four recent studies — including one just out today — reveal that wealth inequality among boomers specifically has been growing, turning this massive generation into one of haves and have nots.

The nonpartisan reports, which analyzed boomers’ retirement security, financial assets and housing status, come from the U.S. Government Accountability Office (GAO); the National Institute on Retirement Security think tank; the St. Louis Fed’s Center for Household Financial Stability and the Harvard Joint Center for Housing Studies.

Their key findings:

Click here to continue reading this article at next avenue.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: