Read Lyman Stone’s article on the Baby Boomers “ruining America” here
Read Stephen Moore’s defense of Baby Boomers in the Wall Street Journal here
Stephen Moore talks about the advancement in healthcare, and cures we can expect to see in the next 20-30 years. The Economist looked
at future medical advancements and how they might change the way we live.
Lyman mentions how US household wealth has increased since the great recession for those over age 35, but not for those under age 35. Here
is a look at how wealth inequality has changed in the US since 2007, and which groups have been most affected.
rate among millennials, ages 25 to 34, is approximately 8 percentage points lower than it was for Gen Xers and baby boomers. 53% say it’s because they can’t afford a home, while 33% can’t qualify for a mortgage. 28% say it is more convenient to rent than to buy.
Recent surveys show
millennials are more concerned about their debt than previous generations. 81% of early-adult US households carry a collective debt of nearly $2 trillion. The debt includes car loans and mortgages but is mainly made up of student-loan debt and credit-card debt. Millennials living in cities have higher
rates of non-mortgage debt
Lyman talks about decline US mortality rates. Life expectancy in the U.S. decreased
for three consecutive years, driven by higher rates of death among middle aged Americans due to drug overdoses, alcohol abuse, suicides, and lack of access to healthcare.