From The Atlantic, on the future wealth (or lack of) for 20-somethings and 30-somethings: “According to the New York Times’ Annie Lowrey: Today’s 20- and 30-somethings may never end up as rich and financially secure as their parents. Lowrey’s story points to a recent study by the Urban institute, which suggests that Americans under 40, financially wracked by student debt and the housing bust, have saved up much less wealth than the generations before them. Because wealth compounds over time, there’s a strong chance they won’t ever catch up.”
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