Recent research has shown that the elderly of today are quickly separating themselves from the rest of the public. According to an article by Alex Pareene, the elderly of America have vastly increased the economic space between them and the youth of today. However, this fact seems to be common knowledge. Statistics stated that the persons over 65 were 47 times wealthier than people 35 and under. Obviously they are richer. People under 35 have more recent college debts, as well as pay rent and other kinds of housing, as well as a family of their own for many of them. Also, does this "under 35" include all of those six year olds who think that finding 50 cents on the playground is better than winning the lottery? If so, than these statistics are pointless. The age of 65, in itself being the retirement age, has many more economic promises than for anyone else. For one, they have spent their whole lives saving up, they should have more money than the rest of us. Also, they no longer have to provide for children as all of their children provide for themselves at that age.
Reading this article kind of made me angry. When I first saw it online, the title seemed interesting, as I know that we are currently in an economic crisis. But when I opened it, and all Pareene had to say was that old people had more money than teenagers, and supported it with some baloney statistics in an attempt to make the numbers seem insane, I really was a little disappointed. In any case, aside from his lousy excuse for statistical support, the rest of the article seems to have been written in a way that would be able to persuade a less skeptical reader. However, for me this was not the case.
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