Bankruptcy in the short term is painful. In the long term, it is cleansing decades of poor federal government choices.

A major reason for that disparity is the transfer of wealth from generation to generation. A 2018 analysis by the Federal Reserve reported that “the bulk of intergenerational transfers are ...

The wealth transfer could change not only individual financial situations ... but it is distributed more unequally than any generation before them. Not represented in the Federal Reserve data are the ...

The wealth transfer could change not only individual ... Not represented in the Federal Reserve data are the youngest generation, Gen Z. Born between 1997 and 2012, the oldest members of the ...