Correction on Pew Report on Wealth of the Young and Old (Corrected version)

Earlier this week I did a post that criticized reporters for unquestioningly accepting the findings of report from the Pew Research Center that purported to a show a growing gap in wealth between people over age 65 and people under age 35. I argued that this report misrepresented this gap and gave numbers on the change in wealth by age cohort that did not show as marked a gap as the Pew numbers.

It turns out that the numbers I gave in that post were incorrect. I had used the Federal Reserve B...