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Each line rebased to 100 where the shared window begins — growth from a common base, not levels.

Wealth Share, Silent Gen Labor Productivity
Wealth Share, Silent GenLabor Productivity Rebased to 100 at Jul 1989
1990-91 Recession2001 RecessionGlobal Financial CrisisCOVID-19 Recession50100150200100 = Jul 198919901995200020052010201520202025Indexed to 100 · r = -0.99 over the overlap — correlation is not causation · econscout.com

Each series rebased to 100 at Jul 1989. wealth_share_silent, productivity · read from cache, latest-revised.

  • Wealth Share, Silent Gen

    Share of US net worth held by the Silent generation (born before 1946).

    Share of total US household net worth held by the Silent generation and earlier (born before 1946), Fed DFA.

  • Labor Productivity

    Output produced per hour worked, as an index.

    Nonfarm business sector real output per hour of all persons, indexed to 2017=100.

Each measured on its own terms — compare the lenses, not just the lines. Full lessons → Learn

r = -0.99 very strong correlation · 147 overlapping months

…and that proves nothing. Two lines moving together is not one moving the other. Almost any pair of trending economic series correlates highly — they share the same long climb of growth, prices, and population, or it is chance. r measures co-movement over this exact window, never cause. Change the range or swap a series and watch r move. Why correlation isn’t causation →