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Income Inequality Grows With Age and Shapes Later Years – The New York Times
“Those widening gaps mean that the rich get richer when it comes to federal benefits — Social Security, Medicare and Medicaid. In the 1930 birth cohort, lifetime benefits for low- and high-earning men were about the same. Among those born in 1960, however, men in the highest earning bracket will receive $132,000 more on average than those in the lowest; the highest-earning women will receive $28,000 more.”
