This article by Sam Pizzigati is published by Institute for Policy Studies. Here is an excerpt:

By November 1948, the postwar “Baby Boom” in the United States had been roaring along for nearly three years. But America’s media spotlight didn’t go whole-hog on babies until that November, the month that saw the young Queen Elizabeth give birth to her first, the British empire’s future king.

New first-time moms in the USA basked in this royal motherhood glow. Many of those moms with newborn sons — mine included — would spend the next decade or so only half-jokingly assuring one and all that their little one would no doubt be sitting in the White House just about the same time little Charley made it to his throne.

None of us U.S.-born sons of  ’48, as life turned out, ever made it into the White House. And poor Charles, for his part, ended up having to wait for his throne far longer than anyone in 1948 likely ever imagined. But something else unexpected played out in that long interim. Poor Charles became fabulously rich.

Read the full article here.