[quote]The wealth gap between older and younger Asians is an anomaly, said Haskin. Wealth normally functions the other way around—the older population have higher levels of wealth, for various reasons. Among Asians, however, it is the younger population who are wealthier.[/quote]
It’s only an anomaly if you compare it to other culture. It’s not an anomaly if you understand the Asian culture. It would be an anomaly the other way around. I know many first gen immigrants who came here w/ nothing, worked hard, save as much as they could, and pay for their kids college tuition. So, today, their kids are wealthier than they are, because instead of thinking about “me” and save for “me” first, they plow every dollar they have to ensure their kids will be successful. That’s the Asian culture. Part of the Asian culture is also, once the kids are successful, they will repay their parents and help take care of them when they’re old because they know that they wouldn’t be where they are today if their parents didn’t sacrifice everything for them.
