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From the article:
Who should be surprised that 60-year-olds have higher incomes and more
wealth than 30-year-olds? Moreover, that was also true 30 years ago,
when today’s 60-year-olds were just 30. But these are not different
classes of people. They are the same people at different stages of their
lives.
Source: Thomas Sowell, "Perennial Economic Fallacies," Jewish World Review, February 7, 2000.
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