Divergent Trajectories, Weak Balance Sheets, and Implications for Social Policy
The Millennial generation is on a much lower trajectory of wealth accumulation than their parents and grandparents. Dramatically so. Their generational balance sheet, tabulating assets and liabilities, is historically poor.This publication is an attempt to address that. By examining the data, identifying trends, and exploring the underlying dynamics of the generational distribution of wealth in America today, the authors included in this volume have committed to participating in a constructive policy discourse to address the misalignment between public policy and the lived experience that threatens to undermine the potential of an entire generation. It is time to incubate large-scale policy interventions to respond to the economic vulnerability of the Millennial generation and create new pathways to progress.
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By: Reid Cramer, Fenaba R. Addo, Colleen Campbell, 20 more