General Discussion
In reply to the discussion: "Why Gen-X "Got it" Before the Rest of You" - Kara Post-Kennedy [View all]Yavin4
(37,182 posts)The New Deal created anti-poverty programs. The most famous of which was Social Security insurance for older Americans. This meant that older Americans were no longer a financial burden on their families which freed up money for the Boomers/GenXers.
The GI Bill moved a generation of the working poor to the middle class. They were able to attend college and own homes in the suburbs which gave them generational wealth. These were the parents/grandparents of Boomers and GenXers. That wealth was transferred to the Boomers/GenXers.
The HWY expansion bill allowed for suburbanites to commute from their homes into the city for work. Thus, raising the property values of their homes. That value was passed on to their Boomer/GenXer children.
On your last point, yes, people of color didn't begin to benefit from these government programs until the Civil Rights acts were passed in the 1960s.
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