Statistics
Which generation owns most national wealth?
Boomers 👎
Racism and discrimination have strongly affected wealth inequality in the US.
True
Mr. Mowry is part of which generation?
Gen Z (we think)
Most people in the USA receive an inheritance of more than $10,000.
False
What is inflation?
(roughly) increase of prices of things over time OR decrease in value of money over time.
When was the oldest surviving will written? (Bonus points if you give the city and country)
2500 BC, in Lahun/Kahun, Egypt
True or False: Generation X (1960s-80s) has the least amount of national wealth.
False (it's the Millenials)
Which of these cannot be inherited as a part of generational wealth?
- A family house
- Jeff Bezos's yacht
- Mr. Mowry's job
- A cheese sandwich
Mr. Mowry's job
A household income of about $300,000 per year puts you in the top __ % of households nationwide.
5%
If a Boomer bought a house in 1940 for about $30,000, it would be worth nearly $120,000 in the year 2000.
True
Name 2 reasons that Baby Boomers have much greater wealth as a generation than others.
- Higher minimum wage/wages
- Lower cost of living
- Assets have increased in value over time
- Anything else