Study: Are millennials worse off than baby boomers were at the same age?
Study: Are millennials worse off than baby boomers were at the same age?
Baby boomers own 52.8% of all wealth in the U.S., compared to 5.7% of millennials, according to the Federal Reserve.
TLDR: yes
It's not surprising. The Boomers took all the wealth and opportunity their parents created for them and hoarded it. They are the "me" generation, caring only for themselves.
171I actually think it'll be interesting to see what happens when the Baby Boomers all die off and the Millennials have to fix the shit that they caused. We may actually see the new age of prosperity
3
Permanently Deleted
171So almost all millennials are worse off, but Mark Zuckerberg is currently richer than Bill Gates, so we've got that going for us. Which is nice.
50The canary generation. Half of them are ok the latter half are screwed. For gen z it will be 80% screwed.
6Welcome to America! All hail capitalism!
5
Are clouds actually made of water? Study shows evidence of some kind of ‘water cycle’!
Read through six paragraphs of fluff while five animated ads distract you from the lack of content before we get anywhere close to answering as vaguely as possible!
59By age 35, 17% of baby boomers moved into a prestigious professional careers after graduating college, such as law or medicine, while 7.3% of millennials did the same.
By age 35, 62% of boomers owned homes, while 49% of millennials were homeowners. Around 14% of millennials had negative net worth, compared to 8.7% of baby boomers.
Gonna be real weird to see the very sudden shifts in wages and housing affordability as Boomers continue to exit both markets.
I really think that a lot of policy-makers are going to be blindsided about this despite a literal generation of warning.
54"leaving the housing market" is a neat innuendo lol.
21Many of humanities problems, will be solved by a lot of humans just up and dying. This is because our problems are being caused by people with names addresses and agendas. I'm not advocating murder, I'm merely pointing out the fact that many of the economic woes will vanish as the Baby Boomers die off and their wealth goes to people who will actually use it for shit
4
Does the pope shit in the woods?
49Is a bear Catholic?
23
The answer won’t surprise you!
41Study: Bears shit in the woods
38The Pope is Catholic y'all.
4
Also completely skipped later millenials, birth date cut off was 1984. Those millenials at least maybe got in before the first once-in-a-lifetime recession.
27You might be surprised to find that younger Gen X had it the same as the millennials but their still young boomer parents told them to pull themselves up by their bootstraps and STFU.
20
lol this article
Our research indicates that this is all crap but here are 10 examples that say the opposite
Someone is trying to maintain a narrative.
25If anyone is interested in the actual study, I believe this is it. Only had time to give it a real quick skim.
Sorry for the nasty Google link.Edit to fix link. https://epc2020.eaps.nl/uploads/201146
21Seems that link was unique to you and won’t open for us.
7Thanks for letting me know. I was able to pull out the proper link from the mess and edited my post. Please try it again and let me know.
(For ease of reference) https://epc2020.eaps.nl/uploads/201146
11
Thank you! I keep seeing reporting about this study, but I want to read the actual thing!
1
They climb the ladder, took the ladder for themselves, and told us that we were too lazy to make a new ladder
19No shit, what gave it away?
18A guilty pleasure in these troubled times.
172059 might be an interesting year. Assuming what's left of us are completely cynical and corrupt.
7Can we speed it up?
1
Reason= boomers
8