According to an Associated Press story today, the wealth gap between young and old is the widest ever. The story by Hope Yen states that a household headed by someone age 65 or older has a net worth 47 times greater than a household headed by someone under age 35.
The story includes a comment from Henry Holzer, a labor economist and public policy professor at Georgetown University. He said, "It makes us wonder whether the extraordinary amount of resources we spend on retirees and their health care should be at least partially reallocated to those who are hurting worse than them" - speaking of the wealth gap between young and old.
The story goes on to describe how the horrible seniors have saved and invested and paid off as much debt as they can. Many are still working because they can’t afford to retiree.
If you are genuinely interested in the story, it is on-line and in most of the major papers. I just thought you should know about this effort by the media to establish another battlefront in class warfare.
What’s next in the ‘occupy’ movement - nursing homes, senior centers or hospitals specializing in geriatric care?
If this sounds like insanity, it is because it is insanity.
Warning to ‘occupiers’ - a young man will fight you, but an old man will just kill you.
PMO
©2011
No comments:
Post a Comment