Friday, March 31, 2006

Money pit - National - smh.com.au

Money pit - National - smh.com.au: "Money pit



By Matt Wade and Ben Cubby
April 1, 2006

WERE you born after June 30, 1961? If the answer is yes, bad luck. Economic and demographic forces have been conspiring against you for decades.

That birthdate, almost 45 years ago, has become a crucial fault line in the distribution of national wealth.

More than three-quarters of all household riches are owned by those born before that date - an unprecedented portion for those over 45."

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