Category: Generational Economics Blog

Tax policy is never just about numbers. It reflects priorities — economic, demographic, and political. In 2025, federal tax law introduced a substantial expansion of deductions for Americans age 65 and older. On the surface, it appears straightforward: seniors receive additional tax relief. But beneath that headline lies a deeper structural question: Who benefits most…

I. Introduction: A Structural Challenge, Not a Blame Game The United States has experienced one of the most dramatic generational wealth shifts in modern economic history. The Baby Boomer generation—born between 1946 and 1964—came of age during a period of expanding homeownership, strong wage growth, accessible public higher education, and relatively affordable family formation. Today,…