{"id":1605,"date":"2018-06-28T23:30:44","date_gmt":"2018-06-29T04:30:44","guid":{"rendered":"http:\/\/www.nw-cpa.com\/?p=1605"},"modified":"2018-06-28T23:30:44","modified_gmt":"2018-06-29T04:30:44","slug":"economists-study-current-wealth","status":"publish","type":"post","link":"https:\/\/www.nw-cpa.com\/?p=1605","title":{"rendered":"Economists Study Current Wealth"},"content":{"rendered":"<p><em><a href=\"http:\/\/www.nw-cpa.com\/wp-content\/uploads\/2018\/06\/wallet.40.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-1606\" src=\"http:\/\/www.nw-cpa.com\/wp-content\/uploads\/2018\/06\/wallet.40.jpg\" alt=\"\" width=\"206\" height=\"181\" \/><\/a>In a <a href=\"https:\/\/www.stlouisfed.org\/~\/media\/Files\/PDFs\/HFS\/essays\/HFS_essay_2_2018.pdf?la=en\">new study<\/a> this month, economists from the Federal Reserve Bank of St. Louis examined whether Americans are now wealthier or poorer than previous generations were at their age.<\/em><\/p>\n<p style=\"text-align: justify;\">What they found may surprise you. \u00a0People born before 1960 are in a better financial position than their predecessors while those born after 1980 are in a much worse situation. \u00a0This generation is facing an array of money drains, such as student debt, auto loans, and credit card balances making it almost impossible for them to gain wealth quickly enough to match previous generations.<\/p>\n<header class=\"article__header\">\n<h1 class=\"article__hed\" data-editable=\"overrideHeadline\"><a href=\"https:\/\/slate.com\/business\/2018\/05\/millennials-are-in-a-deep-financial-hole-compared-to-past-generations.html\">Eighties Babies Are Officially the Brokest Generation, Federal Reserve Study Concludes<\/a><\/h1>\n<\/header>\n<section class=\"article__body\">\n<div class=\"article__content\" data-editable=\"content\"><\/div>\n<hr class=\"article__hr\" \/>\n<\/section>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a new study this month, economists from the Federal Reserve Bank of St. Louis examined whether Americans are now wealthier or poorer than previous generations were at their age. What they found may surprise you. \u00a0People born before 1960 are in a better financial position than their predecessors while those born after 1980 are &hellip; <a href=\"https:\/\/www.nw-cpa.com\/?p=1605\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Economists Study Current Wealth<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[1167,1168,1177,1170,1174,1171,1172,1173,1176,1166,96,1175,329,1169],"class_list":["post-1605","post","type-post","status-publish","format-standard","hentry","category-personal-finances","tag-1960s","tag-1980s","tag-americans","tag-auto-loans","tag-broke","tag-credit-card-balanced","tag-eighties-babies","tag-federal-reserve-bank","tag-finances","tag-millennial","tag-money","tag-no-money","tag-savings","tag-student-debt"],"_links":{"self":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1605"}],"version-history":[{"count":1,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1605\/revisions"}],"predecessor-version":[{"id":1607,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1605\/revisions\/1607"}],"wp:attachment":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}