The numbers are not great in any category, but it’s clear that net worth is skewed to the older population, but that is not surprising given the bulk is in home equity. However, even the red bars show the reality of who has the cash. Now consider who receives the most benefits from government (taxpayers).
Those blue and orange segments are pretty big and will be growing in the future with fewer and fewer young people to pay the bill.
Just think what we could do with less going toward interest payments even at today’s low interest rates. We spend $79 billion on education and $283 billion on interest. Not to worry though, Old Bernie wants to provide free college tuition; not by lowering other spending such as debt service though, but by simply raising taxes, taxes, taxes😱