How did the oldest Americans become so rich and powerful? Yale’s Samuel Moyn talks about the growing age divide in America.
Americans over 54 now hold 70% of the nation’s wealth, while those under 40 scrape by on just 5%. Moyn - the author of the book "Gerontocracy In America" - explains how older Americans gained durable control over the economy, the housing market, and government spending.
He discusses generational gridlock, low-key rage, and aging politicians. And he explains the structural shifts need to prevent younger generations from being permanently locked out of the American dream.
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