Older Americans Are Now the Richest Age Group

P.M. Edition for Oct. 9. New data out today from the Federal Reserve show that the typical American family got a little richer in the years after the pandemic. Journal economics reporter Rachel Ensign explains why the oldest and wealthiest Americans saw the biggest gains, painting a picture of a two-speed economy. Plus, economics reporter Matt Grossman explains how President Trump’s new committee to investigate Fed Governor Lisa Cook is his latest bid to exert control over the central bank. And reporter Kejal Vyas tells us what he saw on a recent visit to Lake Maracaibo. It’s the birthplace of Venezuela’s oil industry–a region that’s now at the center of the U.S. effort to revive the country’s energy sector. Alex Ossola hosts.

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