15 March 2013

Younger Generations Lag Parents in Wealth-Building

The grey lady gets even grayer.
Master of the Obvious quote:
Because wealth compounds over long periods of time — a dollar saved 10 years ago is worth much more than a dollar saved today — young adults probably face less secure futures for decades down the road, and even shakier retirements.
As you might expect, the Times doesn't note that younger generations are looking at -- by the Treasury's estimate -- $100 trillion they're supposed to try to pay.

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