{"id":3248,"date":"2026-07-12T10:39:52","date_gmt":"2026-07-12T10:39:52","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3248"},"modified":"2026-07-12T10:39:52","modified_gmt":"2026-07-12T10:39:52","slug":"a-yale-professor-says-america-is-now-an-oldigarchy-and-boomers-on-linkedin-are-enraged","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3248","title":{"rendered":"A Yale professor says America is now an \u2018oldigarchy\u2019\u2014and Boomers on LinkedIn are enraged"},"content":{"rendered":"
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\u201cI tend to write books that get a lot of blowback,\u201d said the Yale law and history professor, clad in a navy-blue, school-branded T-shirt, zooming into the call from the wood-paneled head of college office in New Haven. He noted that a friend of his even told him he is always \u201cantagonizing people,\u201d but \u201cthis is on a different level.\u201d<\/p>\n

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The fights have tended to be \u201csmaller\u201d and \u201cmore scholarly\u201d than what he calls the oldest, richest class of citizens in the history of the world. \u201cBut I\u2019m kind of a gadfly,\u201d he shrugged. \u201cThat\u2019s my career.\u201d<\/p>\n

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It\u2019s because Moyn has written what may be one of the most polarizing political books of the year: an indictment of America\u2019s quiet slide into generational inequality, in which older, disproportionately wealthy voters and homeowners shape the economy \u2014\u00a0and America\u2019s democracy \u2014\u00a0to their advantage while insisting they\u2019re really the ones who are under siege. His core argument is simple and backed with data: \u201cthe rich today are old, to an astonishing extent.\u201d <\/p>\n

As Moyn writes in his introduction, \u201can aging society is more set on preservation than on renovation,\u201d and he suggests that we have \u201clong been drifting into an unsuspected form of rule \u2026 a new kind of society that privileges many older Americans\u2014\u00ad to the detriment of all, including many senior citizens themselves.\u201d This is what he calls \u201cgerontocracy in America.\u201d<\/p>\n

\u201cWhat I decided,\u201d Moyn told me, with a slight smirk, \u201cwas that the cause which I deeply believe in, of intergenerational justice, had been taken over by folks who read Fortune<\/em> magazine.\u201d It\u2019s a typically provocative statement from the man who was once, ironically, the Henry R. Luce professor at Yale, a seat named for Fortune<\/em>\u2018s very own founder.<\/p>\n

Boomers choking the economy\u2014and why it hurts to hear it<\/h2>\n

In my inbox, the backlash to what I view as honest, data-backed generational reporting has been intense. After I reported several months ago on Steven Ruggles\u2019 academic research likening the Baby Boomer generation to a \u201cpig in the python\u201d of American demography, I just had to follow up with a letters column because of the extraordinary responses.<\/p>\n

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\u201cI apologize for not dying soon enough for you, so your generation can pick over my financial bones,\u201d one wrote to me. Another posed an absurd rhetorical question: \u201cAre you suggesting putting boomers on ice floes or turning them into Soylent green?\u201d Many older readers read accusation between the lines and responded as if I\u2019d blamed them personally for an objectively true situation of stagnant wages, high home prices, and soaring national debt and entitlements.<\/p>\n

Social psychologists call this \u201csymbolic threat\u201d: the sense that another group is attacking your values and identity, even when the argument is about material facts. The more I focused on data\u2014wealth by age, housing shares, bottlenecks in promotion\u2014the more some boomers told me they felt confused, angry, sad, and insecure, and lashed out at me (\u201cwhiny\u201d) as if I was blaming them personally for every problem in the economy.<\/p>\n

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Moyn has watched the same dynamic play out at a much higher volume. He told me he\u2019d \u201cgotten a lot of rage\u201d and discovered an unlikely outlet for it: LinkedIn. \u201cI had not known that LinkedIn was really a site where there were a lot of just like, senior citizens, you know, spewing out hatred,\u201d he said. The intensity was such that he\u2019s since stayed off it entirely. \u201cIt\u2019s been extraordinary.\u201d <\/p>\n

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The site is full of what Moyn called \u201csenior advocates,\u201d and he argued that they are, for the most part, \u201cnot willing to talk objectively\u201d about the reality of gerontocracy. He even revealed darkly that he\u2019s facing organized opposition \u2014\u00a0a first for this particular gadfly. \u201cI haven\u2019t in my career had whole campaigns organized against me, which has happened with this book in certain ways.\u201d<\/p>\n

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A friend offered a theory: \u201cSam, you\u2019re taking on the most powerful group in world history.\u201d Moyn\u2019s response: \u201cIt\u2019s kind of true. It\u2019s like a David-and-Goliath situation. But, you know, David can lose.\u201d<\/p>\n

The richest old people in history\u2014and the denial that follows<\/h2>\n

The scale of America\u2019s age skew is staggering. Visa recently estimated\u00a0that Boomers hold more than half of American wealth \u2014 about $93 trillion in assets (with\u00a0Federal Reserve data putting all household net worth at $174 trillion). In terms of real estate, Americans 70 and older hold 26%, more than prime-earning adults aged 40 to 54 for the first time ever, Redfin calculated in March.<\/p>\n

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Moyn\u2019s book noted that \u201caging Americans control the biggest bank accounts and stock portfolios\u2026 In our time, the old rich have pulled away from everyone else,\u201d with households headed by people older than 65 boosting their median net worth by roughly 42% in the early 2000s while the wealth of families of adults 18 to 34 fell by a whopping 68%. If America is an oligarchy, he writes, it\u2019s also an \u201coldigarchy.\u201d<\/p>\n<\/blockquote>\n

What surprises Moyn is how many people rebel against the hard truth of numbers. He has a simple rebuttal for those who say America isn\u2019t a gerontocracy: \u201cWe have a branch of government literally named after old men,\u201d he said, citing an etymological finding from his book: \u201cSenate. Council of Elders.\u201d (Technically, it derives from the Latin word senatus<\/em>, which is rooted in senex<\/em>, meaning \u201cold man\u201d or \u201celder.\u201d) I reported in May that Boomers make up\u00a043% of Congress and hold 61% of Senate seats, a remarkable display of gerontocracy in action.<\/p>\n

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\u201cMy goal was not to be popular,\u201d Moyn said, \u201cbut to start a conversation,\u201d and he feels he\u2019s done that by identifying a new kind of reverse ageism that people don\u2019t want to admit. \u201cIf I say there\u2019s something called gerontocracy, I get gerontocracy denialism because people think, well, older people have always been the most oppressed.\u201d His answer: scoreboard. \u201cPlus, if you are older, there\u2019s every incentive to claim the posture of victim.\u201d<\/p>\n

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Meritocracy traps and senior citizens homes<\/h2>\n

For Moyn, the gerontocracy story started close to home, when he became a Yale Law professor in his 40s and was stunned by how unproductive his old colleagues were. As he notes in his book, Yale Law School\u2019s \u201cgolden age for intellectual breakthroughs and practical influence alike\u201d was in the 1930s, when the average age of regular faculty was just under 43 years, a figure that remained roughly the same through the 1980s. By the 2010s, though, he found that it had leaped to almost 57, something he calls \u201cthe graying of the professoriate.\u201d<\/p>\n

Moyn told me bluntly that \u201ccertain of my colleagues \u2026 were overstaying their welcome,\u201d and he noted in his book that the 1930s had only one professor over 65 and none over 70, but Yale\u2019s faculty started skewing older when mandatory retirement was lifted. The same age ranges in the faculty have since grown to 33% and 15% of faculty, respectively, he calculated. \u201cIt was just sad to watch them hang on,\u201d he said of his older colleagues,\u201d and I resolved myself not to let that happen to me.\u201d He added that his book is part of a tradition he wants to keep alive. \u201cWe\u2019re supposed to be free thinkers and challenge conventional pieties.\u201d<\/p>\n

Moyn smiled when I compared his new book to The Meritocracy Trap<\/em> by his colleague Daniel Markovits, a similarly impassioned tome about a fraying social contract. Markovits\u2019 insight was that nobody was a winner in the 21st-century U.S. economy, not even the winners, as the promise of opportunity through hard work has become a treadmill that has exhausted strivers and entrenched incumbents.<\/p>\n

\u201cHe\u2019s one of my best friends,\u201d Moyn said, adding that Markovits had a \u201cbig impact\u201d on Gerontocracy<\/em>, beyond serving as a key inspiration; he even uses the phrase \u201cgerontocracy trap\u201d in his book, a deliberate echo. Where Markovits mapped how meritocratic competition grinds down the highly educated, Moyn maps who benefits most once the grinding is done\u2014older elites who sit atop law schools, newsrooms, and corporate hierarchies, often long past their intellectual prime.<\/p>\n

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In the corporate sector (and certain newsrooms), I\u2019ve heard versions of the same story. Millennial managers have told me they feel stuck, watching a layer of older executives who won\u2019t move on and a restless entry-level desperate for support. The \u201clump of labor fallacy\u201d is real in the aggregate, Moyn allows, but anyone who\u2019s ever felt their progress blocked knows, deep in their bones, that it isn\u2019t true in particular.<\/p>\n

Moyn said he\u2019s been having an active debate with friends in the Yale economics department about this: \u201cthey\u2019re right in some domains and sectors and not others.\u201d That\u2019s why he suggested in the book going sector by sector through the economy and seeing where it\u2019s, well, lumpy. In fields such as academia and journalism, the old clich\u00e9 that you have to wait for someone to die to get the job you want isn\u2019t entirely a joke. \u201cThere are a lot of people waiting for jobs further up the apex. And those also are finite.\u201d<\/p>\n

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We talked about how this plays out within families, too. In wealthy clans, adult children often wait until their 40s or 50s to inherit a house or portfolio, long past the ideal time to deploy that capital. That dynamic is at the heart of HBO\u2019s Succession<\/em>, which Moyn calls \u201ca parable of America.\u201d \u201cWe have this syndrome even within wealthy families of folks waiting around on their parents to inherit them,\u201d he told me. \u201cIt\u2019s so late. It\u2019s the wrong time in life for people to come into their house or their wealth.\u201d The series struck a nerve, he thinks, because it speaks to something many people have lived\u2014\u201cbeing reduced to, in a sense, being infantilized by the old.\u201d<\/p>\n

Old voters, young cynics<\/h2>\n

The issue that Moyn keeps returning to \u2014 and that has provoked the most criticism \u2014\u00a0is political. \u201cIt\u2019s not okay that older people monopolize elections,\u201d Moyn said, \u201cespecially boring elections.\u201d In his book, he labels the AARP the \u201cbest\u2011funded advocacy group in world history.\u201d<\/p>\n

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Moyn told me that his book is even a victim of a similar dynamic. \u201cI thought there would be more youthful enthusiasm for the book,\u201d he said, \u201cbut of course, [the] youth don\u2019t read books.\u201d His college-age daughters anticipated this, he said, adding that they may help him adapt it to some kind of TikTok series. \u201cThey\u2019ve said they would do that eventually \u2026 But you know, all you can hope is an author is the facts and the views kind of percolate. And, you know, hopefully they\u2019ll percolate into social media.\u201d<\/p>\n

Moyn said much of the criticism has been about his proposed solutions and that he was deliberately provocative with some of them\u2014inflating the weight of younger people\u2019s votes, even expropriating some older wealth. His more conventional proposals, he pointed out, are similarly outlandish in today\u2019s climate: just raising taxes.<\/p>\n

Moyn told me he sees Gen Z\u2019s political posture as \u201cpassive and resigned,\u201d beaten down by the intense power and wealth held by the oldest members of their society. Old people ignore this and embrace denialism at their peril, he added. \u201cI think young people are alienated from democracy, and that could lead them to move to the far right; it could lead them to move to the far left, but they\u2019re not voting.\u201d<\/p>\n

Gen Z sees a political agenda shaped by older voters\u2019 shorter-term concerns and concludes that the game is rigged. He invoked the (millennial-coded) John Mayer song \u201cWaiting on the World to Change.\u201d The real message of the song, in Moyn\u2019s reading, is a younger generation\u2019s reply to accusations of passivity: you\u2019re making us wait, so why wouldn\u2019t we stand at a distance to your handiwork and just wait for you to die? \u201cThat\u2019s literally what\u2019s happening in America,\u201d he said. \u201cI think they\u2019re largely resigned; they see that the issues that politicians and older voters prioritize are not their issues.\u201d The younger generation, he added, \u201cjust don\u2019t feel our political system is up to the challenge of what they\u2019ll be living through. And I think they\u2019re right.\u201d<\/p>\n

Read more 3 reasons Bitcoin is stuck in a bear market\u2014and why one analyst predicts a rebound to $100,000 by year-end<\/a><\/p>\n

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Yale professor Samuel Moyn says \u201cthe rich today are old, to an astonishing extent\u201d\u2014and his new book, “Gerontocracy in America,” makes the case.<\/p>\n","protected":false},"author":1,"featured_media":3247,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[],"class_list":["post-3248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-books"],"yoast_head":"\nA Yale professor says America is now an \u2018oldigarchy\u2019\u2014and Boomers on LinkedIn are enraged - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=3248\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Yale professor says America is now an \u2018oldigarchy\u2019\u2014and Boomers on LinkedIn are enraged - 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