5 ms·

Weren't millennials a bit too young to have significant (or even any) amounts invested in the market back in 2009? And then they got live through one of the big

by wwtrv 3y ago

Weren't millennials a bit too young to have significant (or even any) amounts invested in the market back in 2009? And then they got live through one of the biggest stock market booms in history (which unlike dot.com didn't just blow up)? OTH Gen X got a chance to lose their savings during the latter stages of dot.com and then again in 2009.

withinboredom 3y ago
Many millennials graduated from college and couldn't get a job due to the market crash. So, not only did they not have savings, they couldn't save if they wanted to. Then, by the time a good chunk could have savings and start investing, inflation slapped them in the face. Now, grocery shopping for a house full of kids is downright expensive. Not to mention, the amount of monthly bills a household is expected to pay is 4-500% of what their parents had to pay while wages have largely stayed the same, housing costs are through the roof because boomers want to make sure they get their "investments" back, and so on.