Thursday, January 22, 2015

Younger Generations Will Earn Less Than Their Parents

“I meant that with respect to western societies and Japan where essentially the younger people – today’s generation – will earn less than their parents and they will have less wealth than their parents, inflation adjusted.

This is because we will have wealth taxes, we will have more estate taxes and we have essentially declining real median incomes in the western world and Japan.”

- Marc Faber via a recent Gold Seek Interview