Part of the promise of the American Dream is that each generation will do better than the last. Has that happened with our adult children, the millennials? Well, “yes and no,” reports the U.S. Census Bureau. Our children are better educated as a generation, yet more are living in poverty and they have lower rates of employment.
The pinnacle of the American Dream was becoming a homeowner. However, that dream went bust for many after the subprime bubble crumbled in 2008. At first, minorities and the middle class were the hardest hit by the market implosion; besides these folks, we had no data on how the depression affected the 50+ segment -- well, not until now.
Shock, disbelief, fear, guilt, and empathy...you ask what is she talking about now. Those are the emotions that went through me as I sat this week in the Chicago airport mindlessly gazing up at the TV waiting for my delayed flight to board.
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