The 1950’s are often looked back on as a time of simple perfection. With warm nostalgia, propagated by television and movies, contemporary Americans unfairly view the decade as a time of blissful naiveté. The time period was not without its problems but the loftiness heaped upon it may actually contain some truth: A recent paper by the Federal Reserve shows that those born in late 1930’s are richer than those who came both before and after.

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