Gen X And Gen Y Wealth Stagnates

Younger generations used to be successively wealthier, but no more. “For many, the American dream of working hard, saving more, and becoming wealthier than one’s parents holds true. Unless you’re under 40.” That’s the grim finding of Eugene Steuerle, co-director of the Urban-Brookings Tax Policy Center, who co-authored, “Lost Generations? Wealth Building among Young Americans.”