QUINNSCOMMENTARY

Should younger Americans pay more for seniors?

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Conventional wisdom (perhaps rhetoric) says Americas seniors deserve more. More assistance, higher Social Security benefits. Of course there are exceptions to everything, but are seniors on average doing that poorly?

The question is, how much more should we take from younger generations?

Median and average net worth by age

• Under 35: Median net worth: $11,100 (average net worth: $76,200).

• 35-44: $59,800 ($288,700).

• 45-54: $124,200 ($727,500).

• 55-64: $187,300 ($1,167,400).

• 65-74: $224,100 ($1,066,000).

• 75+: $264,800 ($1,067,000).

https://www.marketwatch.com/story/whats-your-net-worth-and-how-do-you-compare-to-others-2018-09-24

https://wallethacks.com/average-median-income-in-america/

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