Age Gap

The Old Get Richer – Financial security in advanced societies appears to increase with age

Pia Huettl, Karen Wilson and Guntram Wolff document the phenomenon in a recent paper for Brussels-based think tank Bruegel. They found that the material deprivation rate — defined as inability to afford things above basic necessity level — has increased for young people in most European countries between 2007 and 2013, but dropped for over 65s. That’s mainly due … Continue reading →