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Report

Lost Generations? Wealth Building among Young Americans

Authors:

  • Eugene Steuerle, Urban Institute
  • Signe-Mary McKernan, Urban Institute
  • Caroline Ratcliffe, Urban Institute
  • Sisi Zhang, Urban Institute

Abstract

Despite the Great Recession and slow recovery, the American dream of working hard, saving more, and becoming wealthier than one’s parents holds true for many. Unless you’re under 40. Stagnant wages, diminishing job opportunities, and lost home values may be painting a vastly different future for Gen X and Gen Y.