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Wut? I asked two questions, one of which was me being genuinely interested to see where I missed the assertion that millennials have "4 and 2 times as much weal
by ghusto 5y ago
Wut? I asked two questions, one of which was me being genuinely interested to see where I missed the assertion that millennials have "4 and 2 times as much wealth as millennials do when they were the same age". I wondered if it was in the article, because I didn't see it.
If you want to talk about reasoning though, I actually did give a reason this could be the case (if indeed it really is), by suggesting it could be related to the difference in population size between when the baby boomers were around, and now.
- civilized 5y ago> In 1989, when baby boomers were around the same age as millennials are today, they controlled 21% of the nation's wealth. That's almost five times as much as what millennials own today. > Many previous reports have found that millennials are, on average, worse off financially than their parents and grandparents were at the same age, despite being better educated. https://www.cnbc.com/amp/2020/10/09/millennials-own-less-than-5percent-of-all-us-wealth.html https://www.cnbc.com/amp/2020/10/09/millennials-own-less-tha...
- ghusto 5y agoInteresting! Now I wonder why this is. Could it be age brackets being stretched? That's just off the top of my head, but I'd be very interested to hear people who know about these kinds of things. EDIT: Probably this: https://www.businessinsider.com/millennials-highest-earning-generation-less-wealthy-boomers-2021-9?international=true&r=US&IR=T https://www.businessinsider.com/millennials-highest-earning-...