Interesting indicator stat. Millennials now have 5% of wealth, at same stage

Mar 4, 2021
11:24:43am

Pepe Contributor

Boomers had 20% of wealth. At least per NPR. Obviously there’s a lot that goes into that but it’s a pretty stark contrast.

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Pepe

Bio page: Pepe
Joined: Dec 21, 2019
Last login: Jun 10, 2024
Total posts: 4,088 (1 FO)

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Messages

Author

Time

Interesting indicator stat. Millennials now have 5% of wealth, at same stage

Pepe

3/4/21 11:24am

Millenials have been through a Great Recession and now a worldwide Pandemic.

CougarTailDevourer

3/4/21 11:25am

They’ve also taken an extra decade to decide to become adults. I would know

gww687

3/4/21 11:26am

I don't think you know and I think you buy into the boomer memes and stereotypes

letthewookieewin

3/4/21 11:32am

ok, millenial

supertux

3/4/21 11:48am

Boomers were raised by depression era parents and taught to save

Mister P

3/4/21 11:27am

They were also taught to delay the gratification. It was better to do without

Division Bell

3/4/21 11:31am

Millennials are better savers than Boomers and Gen X were at the same age

4th and Niner

3/4/21 11:36am

RE: Millennials are better savers than Boomers and Gen X were at the same age

joelvandyne

3/4/21 11:41am

Okay, but what's up with that hat?

supertux

3/4/21 11:51am

The hat fully deserves mocking and is a blight on my generation.

4th and Niner

3/4/21 11:52am

Yea look at the saving boomers did for the federal government.

Jeremy

3/4/21 11:41am

Then that makes the fact that boomer savings rate dropped from their parents

Jeremy

3/4/21 11:44am

Boomers suck at savings. They're the original debt generation.

4th and Niner

3/4/21 11:45am

Says the "I want it now!" generation.

Division Bell

3/4/21 11:48am

Look, you can use facts or stereotypes. Let's stick with facts.

4th and Niner

3/4/21 11:51am

Ha, so not even stereotypes anymore. Just eye rolls.

4th and Niner

3/4/21 11:54am

Hit pigeons flutter.

Division Bell

3/4/21 11:55am

How about I use my own experience?

Division Bell

3/4/21 11:55am

Your experience doesn't mean anything. You're one data point of millions.

4th and Niner

3/4/21 11:56am

How about I use my Gen X intervention? Can't we all just get along?

sheza65

3/4/21 5:07pm

In terms of government debt and triggering a Great Recession

D.T. Survivor

3/4/21 12:38pm

And skinny jeans

Kelbob

3/4/21 11:54am

Try Jimmy Carter interest rates (22%), unemployment (10%+), Affirmative Action

Division Bell

3/4/21 12:16pm

Do you know what % of population boomers represented at the time?

byuwahoo

3/4/21 11:25am

How much is due to life expectancy extending. Boomers wealth will begin to trickle to x-ers and millennials soon...

Tokolosh

3/4/21 11:26am

And, since boomers are the wealthiest people ever, the share of wealth may not

Plato

3/4/21 11:30am

Yep, there are plenty of things in X, millennial, and Z generation contributing to this but timelines could explain...

Tokolosh

3/4/21 11:34am

<< Deleted >>

Smack'sWife

3/4/21 11:38am

Boomers didn't have Starbucks

EternalOptimism

3/4/21 11:28am

They could also pay college tuition by working a minimum wage job, so

joelvandyne

3/4/21 12:34pm

Student loans?

ochobeeguy

3/4/21 11:28am

This. And other debt like car loans, etc

fulano

3/4/21 11:29am

Cell phones, internet, we tend to eat out more than our parents, we travel more

wabluecoug

3/4/21 11:33am

All of those things are relatively cheaper than decades ago.

DMVCougar

3/4/21 5:55pm

I thought Millennials only use Uber.

ochobeeguy

3/4/21 11:35am

question, is the 5% of wealth they currently have, worth more than the 20%

Cougarclaw

3/4/21 11:33am

A big part of that is the inaffordability in the housing market. Take a look at

conetah

3/4/21 11:36am

Per capita? Or total? Were there a lot more Boomers than Millennials?

gwalker

3/4/21 11:38am

What does % of wealth even mean?

cougarblue

3/4/21 11:41am

Millennials rock!🙂

bigbossbyu

3/4/21 12:34pm

NPR? We’re now using NPR for data? Doesn’t meet smell test for me.

Bluforever

3/4/21 1:44pm

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