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Millennial wealth deficit, in one chart
- xvx 7y agoMillennials should learn to code.
- anotheryou 7y agoMaybe they just don't save or maybe they are not part of the 1%. median income vs cost of living would be more interesting to me
- toomuchtodo 7y agoCan't save if you can barely afford to live. Student debt, high COL housing, healthcare, etc. Boomers got a head start with great incomes (high quality of life on single earner income), cheap housing, cheap healthcare.
- anotheryou 7y agoI just wanted to make the point that there might be a better graph.
- whb07 7y agoall those things are a symptom of low regulation. Take a look at the regulations over the years and it is just staggering https://regulatorystudies.columbian.gwu.edu/reg-stats https://regulatorystudies.columbian.gwu.edu/reg-stats. The less regulated fields have shown massive increase in quality and or massive decrease in pricing which makes up for the price inflations of the other sectors.
- lelima 7y agoI always calculate the income of my grandfather against mine using [1] calculator, he was earning about 3k per month when he was about ~30. That's about 9.5k per month in today's money, I'm earning about 3.8k per month. So is more than double, it kind of match the graph, which I found interesting. https://data.bls.gov/cgi-bin/cpicalc.pl https://data.bls.gov/cgi-bin/cpicalc.pl
- subject117 7y agoBoomers grew up in a generation of less regulated markets. Less regulated markets allowed for greater wealth creation. Easier to build wealth when there's more money to go around.