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no money

Today's lede item comes from HBR intern examplar Carla Yengo-Kahn. It’s tough to be stuck in the middle. The latest Fed report on changes in U.S. family finances between 2007 and 2010 depicts declines across the board, including a 25% drop in net worth for households under age 34 and a 33% drop for those between 55 and 64. But the worst blow by far hits those in between, notes Neil Howe in Social Trends Biweekly: a 54% decline in net worth for families of Generation X, and a nearly 40% decline for younger baby boomers.

To read the full, original article click on this link: Morning Advantage: Why Gen X Has No Money - Paul Michelman - Harvard Business Review