Tuesday, April 9, 2013

How does the American income gap affect different generations?

For the elderly, the future does not look very bright. The average American has to work a longer period of time before they can reach their retirement because they simply would not have enough money saved to live off of. This is horrible. The percentage of people who have worked hard their entire lives in this country will never get a break.

For the middle aged/young adults, there does not seem to be a bright path in the future. There are many rumors that Social Security will run out soon. Besides not being able to look forward to a comfortable retirement, the middle aged adults today can barely find decent jobs.

What about the children? The youth of today could very well be the ones who are affected the most by our crumbling economy. Why, you might ask. Well because the youth of today will most likely NOT have social security at all, will most likely NOT be able to land a solid career in the future economy, and more teens and children will be more likely to live in poverty. Why does our future look so dreary? Who knows. The choices parents make will affect the younger generations as long as time goes on. At this rate, the future does not look very bright at all.
                                

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