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The X-Ray From the Banco De España that Explains Why Millennials Are Poorer Today than a Decade Ago
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Why do we continue to believe that time and effort today guarantee the same solvency as our parents if the Central Bank of the country says exactly the opposite? The reality is that meritocracy has come across a financial crystal wall that has drastically reduced the gross assets of those born between 1981 and 1996. Official data confirm that today’s young people possess 25 percent less wealth than the previous generation when they were their ow…
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