The Broken American Compact: Generational Wealth Gap

The chapter explores the decline in the percentage of younger generations improving economically compared to their parents, pointing to deliberate policies that have shifted wealth from young to old. It discusses how high costs of education, housing, and low wages are creating barriers for younger individuals to achieve prosperity, leading to resentment towards older generations. The impact of events like the financial crisis and the COVID-19 pandemic on intergenerational wealth transfer is also analyzed, revealing how certain practices and policies have favored the older generation, hindering opportunities for the younger generations.