The relative affluence of today’s elderly is historically unprecedented. Never before have the 75+ had the highest median household net worth of any age bracket. Today, the typical 80-year-old household has twice the net worth of the typical 50-year-old household. As recently as 1995, they were about equal.
But Brittany needs money. Her parents aren’t rich. She’s been relying on a clunky old computer to produce her images. She needs some real equipment. Her part-time job at Dunkin’ Donuts doesn’t bring in anywhere near what she needs. Nor does she know anyone with the money or the connections to help her realize her dream.
And what about the mass of ordinary young people who just want stable jobs? What sugar daddy is going to buy up their shares?