His proof was that the average 65 year old head of household has greater wealth than a 35 year old head of household, and that this gap has grown over the last 30 years.

By:

Story

And, the gap may have grown for 2 reasons, with the first being a huge rise in the value of homes over the last 30 years, and the switch from defined benefit pensions to define contribution plans like 401k, IRA, etc.

By:

Also, when you include real estate holdings, the value of a 30 year old home has gone up a great deal.

Performance

Was

My initial interest in the book was the participation of Michael Lewis (his book The Big Short is the best seller about the crisis with over 1 million copies sold).

Story

Overall

Overall

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