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1 Jan 2024

30-Year-Olds Fare Worse Financially Than Parents Did

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In a concerning economic shift, the average 30-year-old in America [is trailing behind their parents' financial success](https://www.profgalloway.com/prof-g-person-of-the-year/) at the same age. Today's 70-year-olds have experienced a 72% wealth increase over four decades, while those under 40 are 24% less wealthy. Policies are criticized for transferring wealth from young to old, implicating efforts like Nimbyism and seniors securing funds that burden future generations.