Robert Samuelson

Robert Samuelson

Washington Post Writers Group

Wealth inequality's thriving but seniors make gains

August 28, 2014

The Census Bureau released a report the other day on Americans' wealth that seemed full of bad news. Middle-class wealth was down, and inequality — the gap between the top and everyone else — was up. Stereotypes seem confirmed. But wait. Buried in the bad news was some astonishing good news: The elderly defied trends and got wealthier.

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    You could hear the tension in his voice. His 20-something daughter was living at home. She had a graduate degree from a good university that, in times past, would have led to a solid job. But she had no job and no prospect of one. He worried and wondered how long this would last.

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