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What went Right in the 1950s?

It is my opinion that America's best years were the 1950s. I admit that I ascribe to the nostalgic feelings of returning to those years when the economy boomed with new inventions, equality for most , and a booming outlook on life. ( This is not to say it was all equal, as the racial inequity was as strong as ever and cannot be overlooked. In no way do I wish to return to the racial inequality of that era, but the economic prosperity should be achievable without the racial discrimination. ) I have found it beyond ironic that I find agreement with the extremely-polarized Trump-ists to try and return to the prosperity of the 1950s, although I know we likely seek it for very different reasons.  There were many reasons why the 1950s was such a golden era for America. And in some ways it was just luck that landed the country in such a glorious position within the world's stage. In other ways, strong policy by a well-led government paved the way for our biggest boom years. Regardless...

Sluggish Growth in Wealth for Millennials

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It is obvious to most Millennials that we simply do not have as much wealth as our parent and grandparent generations did. We hear stories straight from their mouths about purchasing a house and a car on a single income. We know the baby-boomer mothers stayed at home to watch us while the father went to work in a lot of cases. And yet they could afford what we could only dream to afford these days, while working on two jobs.  Wealth levels are simply not the same. And as displayed so cleanly by Visual Capitalist , we can see the difference cleanly.   In 1989, when Baby Boomers were around the same age as today's Millennials, they held 21.3% of U.S. wealth, compared with Millennials holding a mere 4.8% by the end of 2020, a four-fold difference! It is no wonder we feel like we're drowning just to make ends meet.  Our generation simply does not have the built up wealth that was already available to our parents' or grandparents' generation by their 20s and 30s. We have st...