Millennials are not all worse off than their baby boomer counterparts
We find that the poorest millennials have less wealth than their baby boomer counterparts, but the wealthiest millennials have more.
Good news everybody! The rich have gotten richer!
So 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.
The canary generation. Half of them are ok the latter half are screwed. For gen z it will be 80% screwed.
Welcome to America! All hail capitalism!
My parents were blue collar and I make what they made combined.
Its not all just the rich, the math alone doesn’t bear that out.
Good news everybody! This guy has anecdotal evidence!
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.
I 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
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!
By 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.
“leaving the housing market” is a neat innuendo lol.
Sounds more like a euphemism to me?
Ah yeah. That’s the one.
My boomer mom is planning to sell her house and move in with my brother whenever her husband dies. Even if she lives another 20 years she will have left the market permanently.
Many 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
Study: Bears shit in the woods
The Pope is Catholic y’all.
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.
You 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.
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.
If 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
Seems that link was unique to you and won’t open for us.
Thanks 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
All good, thanks!
Thank you! I keep seeing reporting about this study, but I want to read the actual thing!
No shit, what gave it away?
They climb the ladder, took the ladder for themselves, and told us that we were too lazy to make a new ladder
Reason= boomers
