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We were saying that about GenX (my generation) in 1990. In fact, the genX cohort has 52% per capita wealth of their parents. Millenials are much worse off - mo
by rfrey 4y ago
We were saying that about GenX (my generation) in 1990. In fact, the genX cohort has 52% per capita wealth of their parents.
Millenials are much worse off - most GenX wealth is from buying houses in the first half of the price escalation (which millenials missed). They're likely to inherit most of the Boomer wealth though.
Too soon to call IMO for GenZ. In their 20s, GenX participants were mostly stoned at Nirvana concerts, with about a $9.76 mean per capita wealth.