[quote=flyer]Understand your thoughts, but whether people are educated or uneducated, dwell in the rustbelt or Silicon Valley, in the final analysis, imo, the survival of individuals and families boils down to net worth–regardless of political affiliation.
To that point, when you see stats that indicate only 9 percent of ALL US households have a net worth greater than $1M, and that the median net worth for ALL families in the US went from $102,500 in 1998 to $81,200 in 2014–and I won’t even get into the retirement savings stats–it’s crystal clear than far more than one particular demographic have some major life and financial challenges ahead.[/quote]
It gets even worse, Millenials are better educated, carry far more debt (in the form of student loans), work more hours and make 20% less than their baby boomer counterparts at the same point in their lives.
The last hundred years have been an anomaly of subdued might makes right. The robber barrons of the gilded age wielded their dollars like clubs, in the case of the Carnegie, Frick & Pinkerton, likely actual clubs and guns in the Homestead strike breaking.
