3 ms·
I understand the sentiment but it’s worth noting in the US the median boomer _household_ wealth is 134k. More than 45% of boomer households have no extra retire
by kasey_junk 5y ago
I understand the sentiment but it’s worth noting in the US the median boomer _household_ wealth is 134k. More than 45% of boomer households have no extra retirement savings or income.
I think it’s pretty fair to criticize that generations lack of forethought but not so much wealth hoarding.
- 1_person 5y agohttps://www.visualcapitalist.com/visualizing-net-worth-by-age-in-america/ https://www.visualcapitalist.com/visualizing-net-worth-by-ag... ok?
- xboxnolifes 5y agoYou source shows boomers with a median net worth of around $266,400. That's really not much to have accumulated over the course of 40+ years of work. That's roughly equivalent to putting away $150 a month.
- 1_person 5y agoDo you think it's also fair to describe $266,400 as "much larger than" $13,900? Do you think $266,400 will buy a house? Do you think $13,900 will buy a house? I understand that you can divide $266,400 over any interval that's convenient, but I don't see how that relates to my point or the facts.
- xboxnolifes 5y agoObviously someone who has been working over 30 years less than someone else has significantly less money than them? Do you think the people in the 65-74 age group had the same $266,400 median when they were in the under 35 age group? Of fucking course not, that's idiotic.