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From TFA: “With the baby boomers occupying most of the top jobs and much of the housing, Millennials are doing less well than their parents,” concluded Credit S
by jfim 7y ago
From TFA: “With the baby boomers occupying most of the top jobs and much of the housing, Millennials are doing less well than their parents,” concluded Credit Suisse. “We expect only a minority of high achievers and those in high-demand sectors such as technology or finance to effectively overcome the ‘millennial disadvantage.’”
- malvosenior 7y agoYes, the Wikipedia article I posted refutes the article's claim and does so with data.
- jfim 7y agoWhich part of the Wikipedia page you linked to refutes the article? If anything, the figures in the Wikipedia page corroborate the article. For example, this one shows net worth broken down by age range. https://en.m.wikipedia.org/wiki/File:U.S._Income_and_Net_Worth_Distribution.png https://en.m.wikipedia.org/wiki/File:U.S._Income_and_Net_Wor... You can see that the median net worth of households below 35 gained a paltry 4% in net worth, while the 35-65 cohort gained 2-6x times that. If you look at the mean net worth, it's even more skewed.