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 (wsj.com/economy/affluent-and-older-americans-g…) in the years after the pandemic. Journal economics reporter Rachel Ensign (wsj.com/news/author/rachel-louise-ensign?mod=W…) explains why the oldest and wealthiest Americans saw the biggest gains, painting a picture of a two-speed economy. Plus, economics reporter Matt Grossman (wsj.com/news/author/matt-grossman?mod=WSJ_WNPOD) explains how President Trump’s new committee to investigate Fed Governor Lisa Cook (wsj.com/economy/central-banking/trump-announce…) is his latest bid to exert control over the central bank. And reporter Kejal Vyas (wsj.com/news/author/kejal-vyas?mod=WSJ_WNPOD) tells us what he saw on a recent visit to Lake Maracaibo. It’s the birthplace of Venezuela’s oil industry (wsj.com/world/americas/venezuela-wants-to-retu…)–a region that’s now at the center of the U.S. effort to revive the country’s energy sector. Alex Ossola hosts.

Sign up for the WSJ's free What's News newsletter (wsj.com/newsletters/whats-news?mod=WSJ_WNPOD).

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.