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Millenials hold 4.36% of US wealth. Boomers hold 53.2%. Those figures are from 2020 - it's probably gotten worse since. ... And those wealth holders aren't j
by mandmandam 4y ago
Millenials hold 4.36% of US wealth.
Boomers hold 53.2%.
Those figures are from 2020 - it's probably gotten worse since.
... And those wealth holders aren't just ignoring the problems of today; they're exacerbating them.
Ageism won't solve our problems - all of this is still very much a class issue.
But let's not pretend that as a generation, the Boomers didn't fail like no generation has ever failed. And let's not pretend they aren't still blaming the victim.
- astrange 4y ago> Those figures are from 2020 - it's probably gotten worse since. It's gotten better, because boomers are retiring and spending down their assets. …or, of course, dying of covid. Millenials are pretty much on track actually: https://www.stlouisfed.org/institute-for-economic-equity/the-real-state-of-family-wealth/generational-and-age-household-wealth-trends-and-wealth-inequality https://www.stlouisfed.org/institute-for-economic-equity/the... Wealth inequality in the US is also down since 2019 because of wage growth at the low end.