Marketplace®

Daily business news and economic stories

Old get richer, young get poorer

The Marketplace Daily Pulse is down today, minus 68 percent, in fact. That's how far wealth has dropped for younger U.S. households in the past …

The Marketplace Daily Pulse is down today, minus 68 percent, in fact.

That’s how far wealth has dropped for younger U.S. households in the past 25 years. That demographic includes families where the head of household is younger than 35.

Using census data, the Pew Research Center also found that the wealth of households headed by people 65 and older went dramatically the other way, rising 42 percent.

A key reason, according to the study: housing values. The older folks bought earlier and saw their real estate rise. The younger families bought high and saw their home value – and their net worth – plummet.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    8 hours ago
    25:19
  • Make Me Smart
    14 hours ago
    19:00
  • Marketplace Morning Report
    17 hours ago
    6:55
  • Marketplace Tech
    21 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45