Quote:
Originally Posted by YachtForums  Could we be on the verge of anarchy? |
That's a lot of statistical data to digest... and scary.
"The 47-to-1 gap in net worth between old and young is believed by demographers to be the highest ever, even predating government records"
Predating government records? Then, how would they even know?
"While the gap in net worth has been widening gradually due to delayed marriage and increases in single parenting among young adults, the housing bust and recession have made it significantly worse"
True, and the first three are self inflicted, and are contributing factors to the recession.
"Households headed by someone under age 39 had their median net worth reduced by 27 percent in 2009 as a result of unsecured liabilities, mostly a combination of credit card debt and student loans. No other age group had anywhere near that level of unsecured liability acting as a drag on net worth"
But I'll bet they always have the latest & greatest gadget as soon as Apple rolls it out.
"Sheldon Danziger, a University of Michigan public policy professor who specializes in poverty, noted skyrocketing college tuition costs, which come as many strapped state governments cut support for public universities"
I am painfully aware. I have two daughters in college. Both are students at Big Ten schools. It's over $50K per student per year!
"Complaints about wealth inequality, high unemployment and student debt also have been front and center at Occupy Wall Street protests around the country"
I think the Occupy Protests are a direct result of the current administration and it's class warfare rhetoric, holding a match to the fuse for purely political purposes. Even Bill Clinton has said that Obama's criticism of Wall Street is "too harsh" and "counterproductive" ...and as for "complaints about wealth inequality" The only solution, for what it's worth, can be found in the history books - it is for the Government to have the wealth, and make sure it's citizens are equally poor.