4 ms·

https://archive.is/62rUw https://archive.is/62rUw garbage article as one would expect from the economist, gen z is slightly ahead of millenials and gen x if yo

https://archive.is/62rUw https://archive.is/62rUw garbage article as one would expect from the economist, gen z is slightly ahead of millenials and gen x if you use the government inflation and unemployment statistics the fact their graphs show boomers as poorer than X, millenials and Z at the same age tells you all you need to know

mypastself 3y ago
> the fact their graphs show boomers as poorer than X, millenials and Z tells you all you need to know Which graph shows that? All I see is employment, income, and wage increase graphs at the same stage of life for each generation. It says zoomers at 25 are wealthier than boomers were at 25, it’s not comparing their wealth in 2024.
- recursivedoubts 3y ago
  poorer by stage
  - mypastself 3y ago
    So when you write it’s “all you need to know”, seems like you’re saying that the incorrectness of their methodology is self-evident, which isn’t that obvious to me. Is your objection primarily based on disagreement with the inflation metrics they’re using?
    - recursivedoubts 3y ago
      yep
Barrin92 3y ago
>the fact their graphs show boomers as poorer than X, millenials and Z tells you all you need to know it's comparing income at the same respective ages and that is completely plausible. I'm a millenial, child of boomers. Both were lower middle class workers, I'm the first in the family to go to uni. This is a very common situation. I'm better off than my parents were at my age.Like, ask any parents of millenials what they had growing up in the 60s compared to what we had in the 90s and the education access I had compared to what they had.
- recursivedoubts 3y ago
  going to uni is cool, degree looks great on the wall owning a house is cooler
  - Barrin92 3y ago
    People under 35 in the US own homes at only marginally lower rates than boomers. (something like 55% to 60%), meanwhile home size has tripled. When boomers were kids half of all homes didn't have washing mashines or vacuums. Homes built with air conditioning in 1975: 20%, today 90%. You really think a millenial or gen z woman today in her 20s/30s with a degree and a job would want to trade that for being locked in a house without a job, any modern appliance and less space than she has in her flat?
    - recursivedoubts 3y ago
      idk, evidence points to her being happier: https://www.psychologytoday.com/us/blog/pressure-proof/201303/women-happiness-is-it-still-declining https://www.psychologytoday.com/us/blog/pressure-proof/20130...
jmull 3y ago
You're rejecting this article, and the entire publication because it doesn't confirm your current understanding? You're suggesting to switch away from common metrics because they don't provide the answer you expected? That strategy won't get you far. Of course, one article is a drop in the bucket. But take it for what it is, not reject it because it doesn't follow the narrative you have. People like the narrative of generational politics that is currently popular, but that's probably because it gives them something to blame that's easy to point at... yet the plot holes are massive and obvious when you open your eyes to them.
- recursivedoubts 3y ago
  idk man I'm late gen X and did OK by being in the right places at the right times, but i see millenials & Z (my students) getting absolutely screwed by housing, education, transportation and healthcare costs. Inflation numbers are obviously understated, the government has a huge incentive to lie about it.
- Anotheroneagain 3y ago
  It looks like pretty obvious propaganda, trying to prepare people for a war that won't happen.

mypastself 3y ago

> the fact their graphs show boomers as poorer than X, millenials and Z tells you all you need to know Which graph shows that? All I see is employment, income, and wage increase graphs at the same stage of life for each generation. It says zoomers at 25 are wealthier than boomers were at 25, it’s not comparing their wealth in 2024.

recursivedoubts 3y ago
poorer by stage
- mypastself 3y ago
  So when you write it’s “all you need to know”, seems like you’re saying that the incorrectness of their methodology is self-evident, which isn’t that obvious to me. Is your objection primarily based on disagreement with the inflation metrics they’re using?
  - recursivedoubts 3y ago
    yep

Barrin92 3y ago

>the fact their graphs show boomers as poorer than X, millenials and Z tells you all you need to know it's comparing income at the same respective ages and that is completely plausible. I'm a millenial, child of boomers. Both were lower middle class workers, I'm the first in the family to go to uni. This is a very common situation. I'm better off than my parents were at my age.Like, ask any parents of millenials what they had growing up in the 60s compared to what we had in the 90s and the education access I had compared to what they had.

recursivedoubts 3y ago
going to uni is cool, degree looks great on the wall owning a house is cooler
- Barrin92 3y ago
  People under 35 in the US own homes at only marginally lower rates than boomers. (something like 55% to 60%), meanwhile home size has tripled. When boomers were kids half of all homes didn't have washing mashines or vacuums. Homes built with air conditioning in 1975: 20%, today 90%. You really think a millenial or gen z woman today in her 20s/30s with a degree and a job would want to trade that for being locked in a house without a job, any modern appliance and less space than she has in her flat?
  - recursivedoubts 3y ago
    idk, evidence points to her being happier: https://www.psychologytoday.com/us/blog/pressure-proof/201303/women-happiness-is-it-still-declining https://www.psychologytoday.com/us/blog/pressure-proof/20130...

jmull 3y ago

You're rejecting this article, and the entire publication because it doesn't confirm your current understanding? You're suggesting to switch away from common metrics because they don't provide the answer you expected? That strategy won't get you far. Of course, one article is a drop in the bucket. But take it for what it is, not reject it because it doesn't follow the narrative you have. People like the narrative of generational politics that is currently popular, but that's probably because it gives them something to blame that's easy to point at... yet the plot holes are massive and obvious when you open your eyes to them.

recursivedoubts 3y ago
idk man I'm late gen X and did OK by being in the right places at the right times, but i see millenials & Z (my students) getting absolutely screwed by housing, education, transportation and healthcare costs. Inflation numbers are obviously understated, the government has a huge incentive to lie about it.
Anotheroneagain 3y ago
It looks like pretty obvious propaganda, trying to prepare people for a war that won't happen.