Re: In the early 1900s, when the average person died in their 40s or 50s,
Back then higher rates of childhood mortality (even though that had come down) were still skewing down average life expectancy. The average adult was going to live until his 60s, maybe his 70s, or even 80. (I had a great grandmother, born before the Civil War, live into her 90s)
Also, to what extent does this "wealth" mainly consist of houses that are paid off and appreciating greatly-- in other words, non-liquid wealth.
Re: In the early 1900s, when the average person died in their 40s or 50s,
Back then higher rates of childhood mortality (even though that had come down) were still skewing down average life expectancy. The average adult was going to live until his 60s, maybe his 70s, or even 80. (I had a great grandmother, born before the Civil War, live into her 90s)
Also, to what extent does this "wealth" mainly consist of houses that are paid off and appreciating greatly-- in other words, non-liquid wealth.
The graying of wealth benefits intact families with meaningful intergenerational cooperation. Broken families, or those where every generation has to "earn their own way" from scratch as part of their value system will fall progressively farther behind in such a system.
Re: In the early 1900s, when the average person died in their 40s or 50s,
Back then higher rates of childhood mortality (even though that had come down) were still skewing down average life expectancy. The average adult was going to live until his 60s, maybe his 70s, or even 80. (I had a great grandmother, born before the Civil War, live into her 90s)
Also, to what extent does this "wealth" mainly consist of houses that are paid off and appreciating greatly-- in other words, non-liquid wealth.
Re: In the early 1900s, when the average person died in their 40s or 50s,
Back then higher rates of childhood mortality (even though that had come down) were still skewing down average life expectancy. The average adult was going to live until his 60s, maybe his 70s, or even 80. (I had a great grandmother, born before the Civil War, live into her 90s)
Also, to what extent does this "wealth" mainly consist of houses that are paid off and appreciating greatly-- in other words, non-liquid wealth.
Re: Quakerism as a Superpower
See Ted Gioia’s story about how finding an Honest Broker is “the key to everything.”
https://www.honest-broker.com/p/how-i-became-the-honest-broker
The graying of wealth benefits intact families with meaningful intergenerational cooperation. Broken families, or those where every generation has to "earn their own way" from scratch as part of their value system will fall progressively farther behind in such a system.