Older Americans still wealthier than younger Americans

According to the Pew Research Center report cited in a NY Times article on Novermber 11, 20011, older adults are doing better economically than younger generations on every level surveyed  – wealth, income, homeownership, home equity, employment and poverty.

People accumulate wealth as they grow older, so it is not surprising to find big age gaps on this measure. However, the current gap is by far the largest since the Census Bureau began collecting these data in 1984. Back then, the age-based wealth gap was 10:1. By 2009, it had ballooned to 47:1.

Find out more at:

http://www.nytimes.com/roomfordebate/2011/11/09/are-older-americans-better-off/economically-the-old-are-outpacing-the-young

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About UWF Center on Aging

The Center on Aging at the University of West Florida was established in the Fall of 2010 when the School of Psychological and Behavioral Sciences faculty along with assistance from Sponsored Research submitted a grant to the State University System Board of Governors in support of aging initiatives for Northwest Florida. Its mission is to improve the quality of life of aging adults through the application of science to address challenges associated with aging and to promote healthy aging, with an emphasis on prevention. This will be accomplished through inter-disciplinary and inter-professional efforts of basic and applied research, consultation, and partnerships with community agencies. Education and training, direct services to the aging population, and public awareness and understanding of the contributions and needs of elders will be primary objectives.
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