Posted at Hartmann Report on Jul. 13, 2022
Dear Millennials: I’m Sorry We Didn’t Stop Them
Your generation today holds only 4.6% of the nation’s wealth and you’re most likely struggling to own a home & are deeply in debt. What happened? In a word, Republicans…
Dear millennials: back in the 1980s a lot of us worked like hell to try to stop the Reagan revolution. We failed. This may be our last chance to save American democracy and the American middle-class.
When my boomer generation was the same average age as your millennial generation is today, back in 1990, our generation held 21.3% of the nation’s wealth. Louise and I shared in that wealth; although we were still in our 30s, in 1990 we owned a profitable small business (our fourth) and a nice home in suburban Atlanta.
That was, in fact, the “American dream.” It was normal then.