Inheriting is becoming nearly as important as working

Re:Inheriting is becoming nearly as important as working by ianferrel on Friday February 28, 2025 @07:47PM (#43214154)

Are you sure it's true that the pandemic increased economic inequality?

The humans worst hit were by far the elderly, and the elderly tend to have more assets than the young in industrialized countries.

Among working-age people, lower-paid "essential" workers were exposed to more risk, but by a significant margin, old people are the ones who died more.

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Re:Inheriting is becoming nearly as important as working by sockbot on Friday February 28, 2025 @08:02PM (#43214282)

Individual old people may have died more, but we are talking about economic inequality. They had huge gains in their wealth due to asset inflation. Working people were by far the worst hit by the devaluation of their labour.

[ Parent | on HN ]

Re:Inheriting is becoming nearly as important as working by Vegenoid on Saturday March 01, 2025 @02:33PM (#43222794)

> Are you sure it's true that the pandemic increased economic inequality?

Yes, the wide majority of economic data suggests this.

[ Parent | on HN ]