"American political gerontocracy is exceptional because it is freely elected, with leaders like Donald Trump and Joe Biden both approaching their 80s. The median age of senators is 65, and the oldest, Chuck Grassley, is 92, indicating a trend of older individuals in power."
"Over the past 40 years, wealth in America has become increasingly concentrated among older generations. In 1989, those over 55 held 56 percent of the wealth, which has now risen to 74 percent, while the share held by those under 40 has nearly halved."
"Demographic changes have contributed to the rise of older Americans, with 18 percent of the population now being senior citizens, up from 13 percent in 1990. This shift has led to a significant increase in the wealth of those aged 75 and older."
"For decades, American political debates have focused on inequalities among various demographics. However, the perception of older Americans has shifted from being seen as vulnerable to being recognized for their substantial economic power."
American gerontocracy is characterized by the election of older leaders, with Donald Trump and Joe Biden both nearing octogenarian status. The median age of senators is 65, and the wealth of Americans over 55 has significantly increased, now holding 74% of national wealth. This demographic shift has resulted in a growing economic power among the elderly, while the wealth of those under 40 has decreased. The perception of older Americans has changed from vulnerability to economic strength, influencing political and social debates.
Read at The Atlantic
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