#generational-inequality

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#housing-affordability #baby-boomers #wealth-distribution #housing-market #capitalism-vs-socialism
US news
fromFortune
5 days ago

Baby boomers have now 'gobbled up' nearly one-third of America's wealth share, and they're leaving Gen Z and millennials behind | Fortune

Baby boomers control a disproportionate share of U.S. household wealth—about 31% and over $85 trillion—far exceeding younger generations.
US politics
fromFortune
1 month ago

Billionaire Peter Thiel warns if you 'proletarianize the young people,' don't be surprised they end up communist | Fortune

Restrictive housing policies created generational inequality, driving millennial disillusionment with capitalism and rising openness to socialism, necessitating policies addressing affordability.
US politics
fromBusiness Insider
1 month ago

A 2020 email from Peter Thiel on why young people may turn on capitalism is circulating after Zohran Mamdani's win

Excessive student debt and unaffordable housing leave young people with negative capital, reducing their stake in capitalism and increasing support for socialism.
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