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商城:Baby Age 2018-02-05
更新了下半部分,大家先试着翻译,明天更新翻译Age and inequalityThe generation gainMillennials are doing better than the baby-boomers did at their age
But the gap is closing(2)Today’s youngsters may resent having to provide for more pensioners, not least because they feel that older generations have it easier than them
The OECD provides qualified support for this complaint
Baby-boomers (mostly born in the 1950s) have accumulated far more wealth (property, shares and other savings) than Generation X (mostly in the 1970s) and millennials (the 1980s and after)
But that is partly because they have had more time to do so
Comparing generations at a similar stage of life paints a different picture
Today’s young adults have a significantly higher disposable income than previous generations had at the same age
OECD citizens now in their early 30s have 7% more than members of Generation X had at that age and over 40% more than boomers enjoyed when they were similarly short in the tooth (see chart)
Youngsters may sigh with impatience when an old codger tells them how life was tougher “when I was your age”
But it was
This millennial privilege is, however, smaller in America, which tends to set the tone for the generation wars
(Indeed Americans in their early 30s are slightly worse off than the preceding generation was at a similar age
) The gap also appears to close as the later generations get older
Gen-Xers were far more comfortable in their 30s than the people born a decade or two before them
But now they are in their 40s, their incomes have stopped rising, whereas their seniors enjoyed strong gains at the same age
This may reflect the lingering influence of the global financial crisis
But if this trajectory persists, a time may soon come when old folk sigh with impatience as youngsters tell them how much easier life was “when you were my age”