Pew Report on Young-Old Wealth Gap is Misleading and Divisive; Could Fuel Intergenerational Class War

Those gunning for Social Security are already using the study to divide the "other 99 percent."
November 7, 2011

A new study purporting to show that older households are doing much better than younger ones in terms of wealth and income threatens to spark an intergenerational class war, pitting Americans of different ages – people who have all been devastated by the crash caused by Wall Street's recklessness -- against one another. But there are serious flaws in how the research is being interpreted.

The analysis, by Pew Research, is being spun as evidence that the government “spends too much” on the elderly while leaving younger Americans hanging out to dry. It's already becoming another weapon in the corporate right's long-running battle against Social Security. READ MORE