A 2021 study by the Census revealed that childless adults age 55 and older had a median net worth of $153,900 compared to $130,400 for biological parents.
Don’t blame your dad - however much you resent him it’s not like he has any influence over the economy. Instead blame the super rich who have real influence and are actively pushing policy to widen this social divide.
But it is partially their fault: they have the largest political clout by generation so welfare and zoning policies have always suited them at the behest of everyone else.
And even if people don’t have kids, the rich aren’t going to be impacted. They just use immigration as a stop gap until everything is automated away and we see wealth imbalance get taken to 11. I’m talking gated communities everywhere with poverty in-between (e.g
South Africa)
Don’t blame your dad - however much you resent him it’s not like he has any influence over the economy. Instead blame the super rich who have real influence and are actively pushing policy to widen this social divide.
I doubt he does.
But it is partially their fault: they have the largest political clout by generation so welfare and zoning policies have always suited them at the behest of everyone else.
And even if people don’t have kids, the rich aren’t going to be impacted. They just use immigration as a stop gap until everything is automated away and we see wealth imbalance get taken to 11. I’m talking gated communities everywhere with poverty in-between (e.g South Africa)