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Yet another attempt at the multi-decade long gaslighting campaign targeting millennials with skewed, cherrypicked data with dubious, sweeping conclusions - just
by JohnMakin 2y ago
Yet another attempt at the multi-decade long gaslighting campaign targeting millennials with skewed, cherrypicked data with dubious, sweeping conclusions - just as it always has been, just as it always will be.
First off, this data uses a generational start date of 1979. I've never, ever seen a millennial range defined here, but sure, let's go with that. Half or more millennials are home owners? Bullshit. Show me where that data is coming from. Let's assume it's true though, I'd surmise most of these numbers are from boomer generations dying off and leaving property/inheritance to their children. Does that really say all that much?
As far as "biggest wealth generation jump since 2016" like yea no shit, I'd guess you could take a slice of years from any generation that's exiting young adulthood into their careers and see a similar relative jump. This is a red flag example because it doesn't measure against similar ranges in other generations early career years. Your wealth doesn't change much as a percentage of your total wealth as you get older and richer - for reasons that shouldn't need a lot of explaining.
In other words, I have $1 to my name and it goes to $3 within 8 years. a boomer has $100 and it goes to $110 in 8 years. Wow, these millennials are complaining about a THREE HUNDRED PERCENT increase to their wealth compared to us?