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Greg Ip observes that a recent Federal Reserve report shows a significant increase in wealth for older Americans between 2022 and 2025, while younger generations saw a decline.
He emphasizes that this growing disparity further supports his earlier point that older people control much of the economic landscape in the U.S.
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Greg Ip recently highlighted that U.S. nominal GDP and income growth are the fastest since 2006, excluding pandemic years. He has also clarified that the Plaza Accord was not forced on Japan and did not cause its lost decades. These previous observations inform his ongoing analysis of generational shifts and economic power in the U.S.