Why younger Americans can’t get ahead
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In this episode, Vox host Jonquilyn Hill talks with Idrees Kahloon, staff writer at the Atlantic, about why he believes America has become a gerontocracy – a government whose rulers are older than the rest of the population. There’s the age of political leaders in Congress and the White House. And there’s also the economic impact of having Americans over the age of 55 holding nearly three-quarters of the nation's wealth.
Jonquilyn and Idrees examine how this demographic and economic shift came to pass over the last several decades. They get into the political taboo over reforming Social Security and Medicare, the impact of housing market restrictions and zoning on younger home buyers, and the ways that government spending heavily favors older voters.
Guest Host: Jonquilyn Hill, host of Explain It To Me
Guest: Idrees Kahloon, Staff writer, The Atlantic
00:00 Intro
01:58 What is Gerontocracy
06:42 Economic Shifts and Boomer Fortune
11:36 Global Perspectives on Pensions
14:11 Political Power and Congressional Aging
24:36 Wealth Accumulation and Generational Equity
38:14 Policy Solutions and Aging in Place
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