Slowing Wealth – New Study Reports

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Money-file-2According to a new study by the Urban Institute, the American dream of working hard, saving more and becoming wealthier than one’s parents holds true for many, unless you’re under 40.

Questions:

1. What are some of the factors that have negatively affected the wealth of younger Americans?
2. According to the article, if a person delays buying a home from 30 years of age to 40 years of age, how much home equity will be lost by age 60?
3. What types of government policies might help this situation?

Source:
Lowrey, A. (2013). Younger Generations Lag Parents in Wealth-Building. The New York Times, March 14 (Retrievable online at http://www.nytimes.com/2013/03/15/business/younger-generations-lag-parents-in-wealth-building.html?pagewanted=1&_r=0&src=recg)