The “okay, boomer” discourse made it sound like the elderly were working together as a coherent bloc to steal opportunity from the young. But a study of the 2019 Survey of Consumer Finances by the People’s Policy Project found that wherever you split Americans by age, a nearly identical distribution appears: the top 10% of every age cohort controls around 70% of its wealth, and the bottom 40% owns almost nothing. It’s almost as if class analysis is still vital!