3 ms·
> the millennials and younger who experienced nothing other than a roaring bull market throughout their investing lifetimes Poking at certain generations tends
by rybosworld 2y ago
> the millennials and younger who experienced nothing other than a roaring bull market throughout their investing lifetimes
Poking at certain generations tends to be counter productive, but this jab is also disconnected from reality.
Millennials entered adulthood in the shadow of the mortgage crisis, which by all measures was a depression event until the definition of a depression was reworked.
There were only two significant crashes between 1929 and 2008. 1987 (black monday) and the tech bubble (2000).
More recently, covid was a ~40% decline in the S&P (bigger than black monday), and another ~30% started at the beginning of 2022.
It shouldn't be worn as a badge of honor, but millennials and younger have experienced more volatility in a much shorter amount of time than older generations.