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Friday, March 30, 2012

Economy Old and Busted: Class warfare. New hotness: Generational warfare!

Posted by David Koon on Fri, Mar 30, 2012 at 1:25 PM

Here's a thought-provoking piece out today from Esquire, discussing the ways the Baby Boomer generation has swallowed a bigger and bigger slice of the economic pie over the years, even as educated young folks struggle, put off marriage and children, or even are forced to move back in with mom and dad.

Before you start railing against these young ninnies with their degrees in basket weaving, consider this quote: "In 1984, American breadwinners who were sixty-five and over made ten times as much as those under thirty-five. The year Obama took office, older Americans made almost forty-seven times as much as the younger generation." Numbers like that have nothing to do with who has a liberal-arts degree.

        
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