Unless something happens soon to shift the trend, stagnant wages, shrinking job opportunities and depreciating home values could morph into a monstrous future for Americans under 40, according to a recent brief issued by the Urban Institute.
Commonly referred to as Gen X and Gen Y, Americans under 40 have accumulated less wealth than their parents did at their age more than 25 years ago, according to the brief titled Lost Generations? Wealth Building Among Young Americans.
"Their average wealth in 2010 was 7 percent below that of those in their 20s and 30s in 1983," said the brief authored by Eugene Steuerle, Signe-Mary McKernan, Caroline Ratcliffe, and Sisi Zhang. Read more
This has tremendous implications for North American Anglicans--particularly Anglicans who expect a full-time paid professional ministerial staff, prefer a high church style of worship, who assign a high value to property ownership, and who place form before function in the design and construction of church buildings.
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