Alex Mayyasi thinks millennials are more deserving of a discount:
The United States only began measuring poverty in the 1960s, so we lack standard figures dating farther back than that. But it’s recognized that the trend of decreasing poverty among seniors dates back to the thirties and forties. 2011 Census figures place poverty among Americans aged 65 and older at 8.7%, well below the national average of 15%.
Today it is the Millennials, the youngest generation, that finds itself poor, vulnerable, and screwed by financial storms caused by another generation. Unemployment among 18-29 year olds is 11.1% and has been over 10% for 53 months. The rate for people age 16-24 is16.1%. Poverty is highest among teens and children – 27%.
Dylan Matthews, on the other hand, argues that seniors are poorer than those statistics would lead you to believe.
The Dish 