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> 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
by 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-...