War on the young update: Inequality growing faster among the young than the old

by Ryan Streeter on February 16, 2016. Follow Ryan on Twitter.

Following on the theme of my last post, here is Brookings’ Gary Burtless on another aspect of the Social Security conundrum:

In new research with my colleagues Barry Bosworth and Kan Zhang, I have examined trends in real incomes and inequality among the nation’s elderly and compared them with the same trends in working-age families. We show that inequality has increased among both the elderly and nonelderly, but it has increased much faster among families headed by prime-age and younger adults than among families headed by someone past age 62. More to the point, real money incomes have increased much faster among middle- and low-income aged families compared with middle- and low-income working-age families.