Your Financial Crisis is Your Kid's Lottery Ticket

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	Your Financial Crisis is Your Kid's Lottery Ticket

Maurna Desmond

3-26-2009 1:03 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a9485ee8-6973-494d-9224-cb9b32cc3da2/38D80FEB-CA13-4923-A0AF-1D7783528068/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.theatlantic.com/2009/03/where_did_all_the_wealth_go_to_our_kids.php" href="http://business.theatlantic.com/2009/03/where_did_all_the_wealth_go_to_our_kids.php" style="font-size: 11px;">business.theatlantic.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theatlantic.com/2009/03/where_did_all_the_wealth_go_to_our_kids.php"><H3>Where did all the wealth go? To our kids</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theatlantic.com/2009/03/where_did_all_the_wealth_go_to_our_kids.php"><DIV>
The real issue is who bought high and who is now able to buy low.
Generally, older people who hoped to sell their assets at high prices
have been made worse off. But don't go clamoring for an increase in Social Security benefits for the AARP set quite yet. For most older
Americans who bought houses before 2000, home values are exactly where
they would be had the price increases between 1987 and 2002 continued
in a straight line, instead of booming from 2002 to 2005 and
subsequently crashing. The same applies to equity values. Even with the
recent bear market, the S&P 500 is still higher than it would be
had it increased from 1985 to the present at the rate it did from 1950
to 1985. Indeed, from 1980 to the present, the S&P 500 has
increased in value 30 percent more than the economy as a whole.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/38D80FEB-CA13-4923-A0AF-1D7783528068/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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