2 ms·
That article shows millennials doing poorly though. I don’t think that article tells the full story. It uses inflation adjusted numbers but almost everyone beli
by gregwebs 2y ago
That article shows millennials doing poorly though. I don’t think that article tells the full story. It uses inflation adjusted numbers but almost everyone believes real inflation is higher than government figures. The numbers are also averages- it would be great to look at different percentiles.
If we assume the article is true, that’s still not a great outcome – a younger generation achieving the same amount of wealth as much older generation. Younger generations should be achieving greater levels of wealth in an economy that’s growing and with larger amounts of deflationary technology.