It is the richest of times and the most unequal of times. The difference in wealth and income between the top 1% and the rest of America tends to get more attention, but one of the most striking wealth gaps is generational.

Older Americans are far richer than young Americans. Young people today may be worse off relative to older Americans than ever before. No wonder everyone hates the Boomers.

The over-75s and the under-35s

The good news is that most Americans, of all ages, have never had more wealth. But estimates in new research from Edward Wolff, an economist at New York University, show a large and growing gap in net worth between Americans over age 75 and those under 35.

Several economic trends have contributed to this divergence. One is the increase in stock ownership: In 1989, o

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