Row 54224

Row ID: 54224 | Dataset Entry | Axioma AXP Content Repository

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Let's not let Money magazine trigger our generational rage. It's not that old people tend to be wealthy but that wealthy people tend to be old.

The poverty rate for boomers is just a percentage point or so below the poverty rate overall in USA, [https://www.census.gov/library/stories/2023/12/poverty-rate-varies-by-age-groups.html](https://www.census.gov/library/stories/2023/12/poverty-rate-varies-by-age-groups.html)

We know that most of the wealth is held by a small fraction of the population. We've been talking about that since the boomers were kids. That this small fraction is mostly older than the general pop doesn't tell us anything about the lives of old people broadly, as it tells us about inequality in the Big Picture.

FieldValue
text Let's not let Money magazine trigger our generational rage. It's not that old people tend to be wealthy but that wealthy people tend to be old. The poverty rate for boomers is just a percentage point or so below the poverty rate overall in USA, [https://www.census.gov/library/stories/2023/12/poverty-rate-varies-by-age-groups.html](https://www.census.gov/library/stories/2023/12/poverty-rate-varies-by-age-groups.html) We know that most of the wealth is held by a small fraction of the populatio…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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Raw Record

{
  "text": "Let's not let Money magazine trigger our generational rage.  It's not that old people tend to be wealthy but that wealthy people tend to be old. \n\nThe poverty rate for boomers is just a percentage point or so below the poverty rate overall in USA, [https://www.census.gov/library/stories/2023/12/poverty-rate-varies-by-age-groups.html](https://www.census.gov/library/stories/2023/12/poverty-rate-varies-by-age-groups.html)\n\nWe know that most of the wealth is held by a small fraction of the population. We've been talking about that since the boomers were kids. That this small fraction  is mostly older than the general pop  doesn't tell us anything about the lives of old people broadly, as it tells us about inequality in the Big Picture.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1WTWtZb29MVy10cVFDMFlnOU5JdEEwakpaS0NZdnozUUpUb2d6bUxhV0EzNktLeG5aUjRQdE54T2RnZVF6LUw5OFBOZWxXaEhmUXExOUo1anJwaVctSVE9PQ==",
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}
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