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A comment on Why Generation Y Is Causing The Great Migration Of The 21st Century.

Re:Why Generation Y Is Causing The Great Migration Of The 21... by BobertK on Sunday April 15, 2012 @06:03PM (#3844922)
Not to mention: Most older Americans are broke. An apt in the city (think re-populated smaller, older cities, and large towns) is cheaper to heat and cool, convenient; so then a car and it's attendant expense is unnecessary.

If I am old and divorced i'd rather have neighbors across the hall than a house to maintain, even if I can afford it.

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Re:Why Generation Y Is Causing The Great Migration Of The 21... by orangecat on Sunday April 15, 2012 @10:08PM (#3845582)
Most older Americans are broke.

Source? By the last numbers I've seen, net wealth increases directly with age.

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Re:Why Generation Y Is Causing The Great Migration Of The 21... by BobertK on Monday April 16, 2012 @10:13AM (#3847418)
This is before the housing crisis -it is much worse now

What you see above and below is where the US stood in 2007. Again because this data is as close to 100% accurate as you can get.

Avg Net Worth Bottom 25%: $4,600 Avg Net Worth Next 25 – 50%: $21,700 Avg Net Worth Next 50 – 75%: $78,900 Avg Net Worth Next 75 – 90%: $242,800 Avg Net Worth Top 10%: $1,606,600

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