4 ms·

That chart is comparing point in present time, not point in generation-relative time. IE zoomers at ~25 mills at ~40. If you were to approximately age sync the

by RickS 5mo ago

That chart is comparing point in present time, not point in generation-relative time. IE zoomers at ~25 mills at ~40. If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher.

deleted 5mo ago
[deleted]
ribosometronome 5mo ago
There's several charts, the second is: Gen Zers, Millennials Less Likely to Own Homes Than Their Parents at the Same Age which does a direct "at same age" comparison and showed that Gen Z started off slightly stronger than millennials but fell behind. I do wonder about how they're calculating some of this. It looks like in the chart is saying 16% of the cohort born between 1981 and 1996 (aka millennials) owned a home in 2000. I wouldn't even expect 16% of that group to be over 18.
corysama 5mo ago
> If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher. Like this: https://imgur.com/a/d7stXVN https://imgur.com/a/d7stXVN
- epicureanideal 5mo ago
  Thanks for sharing! Seems to show that both are doing poorly relative to earlier generations, and it doesn’t seem Gen Z is greatly (or much at all) outpacing millennials.
  - switchbak 5mo ago
    And as usual, no one cares about Gen X :)
    - deleted 5mo ago
      [deleted]
    - tonyedgecombe 5mo ago
      At least you aren’t hated like us boomers. Apparently everything wrong in the world is down to us.
      - abustamam 5mo ago
        As a millennial, I apologize for the blame and hate the boomer generation gets. But I think it's important to understand why the hate exists. Many boomers grew up in an era where even if you dropped out of high school and waited tables full time for a few years, you'd be able to afford to buy a house and start a family by age 25. Sure, interest rates were 20%, but the price of a house was often just 2-3x someone's annual salary (single earner). Now the price of a house is often 4-5x a households annual salary. Boomers also had access to stuff like pensions. I think boomers wouldn't get hate if it weren't a trope for them to say that the millennial generation is lazy, entitled, etc. When milennials have to be extraordinary in order to live what used to be an ordinary life (3 bedroom house, 2 kids).
        BizarroLand 5mo ago
        I am right on the cusp of my home cost being 3x my salary, I bought it when it was 4x, but the interest rate was 2.75%. If I refinanced now, I probably couldn't afford my own home.
        switchbak 5mo ago
        You would be the subject of much envy for those on the west coast of Canada!
        switchbak 5mo ago
        "for them to say that the millennial generation is lazy, entitled, etc" - they said it about Gen X too, but there's too few of us, so they focused on the Millenials instead. I too dislike the Millenial whoop, but I like smashed avocado toast, so it's a wash for me.

by RickS 5mo ago

deleted 5mo ago

[deleted]

ribosometronome 5mo ago

There's several charts, the second is: Gen Zers, Millennials Less Likely to Own Homes Than Their Parents at the Same Age which does a direct "at same age" comparison and showed that Gen Z started off slightly stronger than millennials but fell behind. I do wonder about how they're calculating some of this. It looks like in the chart is saying 16% of the cohort born between 1981 and 1996 (aka millennials) owned a home in 2000. I wouldn't even expect 16% of that group to be over 18.

corysama 5mo ago

> If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher. Like this: https://imgur.com/a/d7stXVN https://imgur.com/a/d7stXVN

epicureanideal 5mo ago
Thanks for sharing! Seems to show that both are doing poorly relative to earlier generations, and it doesn’t seem Gen Z is greatly (or much at all) outpacing millennials.
- switchbak 5mo ago
  And as usual, no one cares about Gen X :)
  - deleted 5mo ago
    [deleted]
  - tonyedgecombe 5mo ago
    At least you aren’t hated like us boomers. Apparently everything wrong in the world is down to us.
    - abustamam 5mo ago
      As a millennial, I apologize for the blame and hate the boomer generation gets. But I think it's important to understand why the hate exists. Many boomers grew up in an era where even if you dropped out of high school and waited tables full time for a few years, you'd be able to afford to buy a house and start a family by age 25. Sure, interest rates were 20%, but the price of a house was often just 2-3x someone's annual salary (single earner). Now the price of a house is often 4-5x a households annual salary. Boomers also had access to stuff like pensions. I think boomers wouldn't get hate if it weren't a trope for them to say that the millennial generation is lazy, entitled, etc. When milennials have to be extraordinary in order to live what used to be an ordinary life (3 bedroom house, 2 kids).
      - BizarroLand 5mo ago
        I am right on the cusp of my home cost being 3x my salary, I bought it when it was 4x, but the interest rate was 2.75%. If I refinanced now, I probably couldn't afford my own home.
        switchbak 5mo ago
        You would be the subject of much envy for those on the west coast of Canada!
      - switchbak 5mo ago
        "for them to say that the millennial generation is lazy, entitled, etc" - they said it about Gen X too, but there's too few of us, so they focused on the Millenials instead. I too dislike the Millenial whoop, but I like smashed avocado toast, so it's a wash for me.