A study conducted by the Pew Research Center shows good news for recent retirees, reporting that adults 65 and older now have 42 percent more in median net worth than their 1984 counterparts. As Americans battle inflation, unemployment, and low credit scores, is it possible for future retirees to follow suit?
Although the Pew Research Center shows favorable results for the nearly and already-retired, the future is not looking as bright for Americans under 35. The same study reported that this younger group possesses a median net worth of $3,662, nearly $8,000 less than the same age group in 1984. What distinguishes the Silent Generation from Generation Y? There a few defining factors, including:
- Post-war spending habits. Earning money after World War II was often more about putting food on the table than about acquiring luxury items.
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