The Urban Institute today released a report titled "Lost Generations?  Wealth Building among Young Americans."  Here's a summary and representative passage:

For many, the American dream of working hard, saving more, and becoming wealthier than one's parents holds true.

Unless you're under 40.  Today, those in Gen X and Gen Y have accumulated less wealth than their parents did at that age over a quarter-century ago.  Their average wealth in 2010 was 7 percent below that of those in their 20s and 30s in 1983.

Certainly, this has implications for future actuarial applications in retirement, pensions, personal wealth, etc.  Not to mention just plain old personal considerations...

- Rick