Bites of Inequality – Anette Fasang
Is the intergenerational contract currently being lost when it comes to assets? A transatlantic comparison shows how wealth creation and inequality have shifted for baby boomers, Gen X and millennials. And why it has political explosive power.
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Are post-millennial generations the first to be worse off than their parents at mid-life? This presentation compares trends in wealth accumulation and wealth inequality at mid-life across generations in the United States and Germany using the US Survey of Consumer Finances (SCF 1989-2022) and the German Einkommens- und Verbraucherstichprobe (EVS, 1993, 2008, and 2023). Wealth at mid-life is compared for cohorts born 1954-63 (Baby Boomers), 1969-78 (Gen X), and 1984-93 (Millennials). Preliminary findings suggest that increasing wealth inequality is the primary generational trend in the United States. In contrast, the primary generational trend in Germany is a decline in midlife net household wealth across the entire wealth distribution. The talk explores normative implications of generational trends in wealth accumulation and the formative impact of national economic and policy contexts.
More about Anette Fasang here.
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About the series:
Bites of Inequality is a midday talk series at the LMU Institute of Sociology in cooperation with ISI, which brings together science and the public in an open format. The focus is on current research on social inequality, presented and discussed in an accessible form.
The talks take place on Tuesdays from 12:15pm to 1:45pm in Konradstraße 6, room 208.
You can find the series in LSF under Comparative Stratification Research (event number 15261).
Bites of Inequality can also be attended via Zoom; however, this option is intended for those who are genuinely unable to join us in person. The spirit of the event lies in face-to-face exchange and conversation, and we would therefore be delighted to welcome you on site.