economy still improving

[strandinthewind]

Originally Posted by David

This is the crux. The Baby Boomers -- who are now reaching retirement age -- are the last generation to be better off than the generation before them. That used to be one thing you could count on in the United States: great-grandparents expected their children to be better off, & they were; & grandparents expected their children to be better off, & they were. But the parents of people in their 20s & 30s today are generally better off than their children. We're in the middle of the first American generation ever to have moved permanently backward.

I am unsure that is true. Though it certainly could improve, I think more people are getting higher level degrees now and more people have better paying jobs and more expensive houses than their parents. More minorities and women are in higher level positions. I say this as a general statement using general indicators. So, I think I am confused by your meaning of "better off."