If the article is behind a paywall, try this twitter link:

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

May 27, 2020
8:11:37am

TCuz Disgraced Rules President

If the article is behind a paywall, try this twitter link:

A wow stat and chart from the great @andrewvandam: "The average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history"https://t.co/UMVEbDnh4g pic.twitter.com/pzgete5iP4
— Jeffrey Stein (@JStein_WaPo) May 27, 2020

https://twitter.com/JStein_WaPo/status/1265621997763153920

Report problem with this ad

TCuz

Previous username: TCuz13
Bio page: TCuz
Joined: Mar 1, 2014
Last login: Apr 24, 2024
Total posts: 58,090 (19,104 FO)

Report problem with this ad

Messages

Author

Time

A lot of interesting generational wealth/employment statistic charts in this article:

TCuz Disgraced Rules President

5/27/20 7:46am

75+ are 100% richer than they were in 1989, and 54 and under are in debt. Right?

grosven

5/27/20 7:54am

I interpreted it as saying that the age cohorts under 54 have a smaller share of

OlanchoCoug

5/27/20 8:03am

30 and under weren't even born, and wealth is cumulatively negative for 54 under

grosven

5/27/20 8:06am

Yeah, you've got a point. I think I was mistaken.

OlanchoCoug

5/27/20 8:07am

I think it’s comparing the people that were 25-34 in 1989 to people that were 25-34 in 2016.

TCuz

5/27/20 8:10am

That makes sense to me.

grosven

5/27/20 8:20am

Wealth isn’t cumulatively negative for that group, just their change in wealth.

garyfan

5/27/20 8:10am

I don't think its share of wealth

5/27/20 8:09am

It's under 54 of 2020 is relatively worse off than the under 54 of 1989

grosven

5/27/20 8:24am

I think that's it. Graph charts how cohorts change on relative basis over time

5/27/20 8:36am

My age is right at the margins of this thing...

CoachSpeak

5/27/20 8:56am

the simple answer is you chose a good time to be 23

5/27/20 9:05am

The wealth of younger generations will probably look more like a J-curve. The key is to not freak out when you’re at the

Odysseus

5/27/20 7:59am

On an individual level, you are probably right.

OPINIONS

5/27/20 8:39am

55-64 y/o's losing so much wealth in the last decade of their career is wild.

OPINIONS

5/27/20 8:04am

Wonde if it has to do with housing crisis hitting at their peak earning period

Artist

5/27/20 8:33am

the vast majority of those that lost businesses during that time period

Nat Gas Man

5/27/20 10:04am

If the article is behind a paywall, try this twitter link:

TCuz

5/27/20 8:11am

Freakin' boomers

letthewookieewin

5/27/20 9:03am

This chart is tricky but really interesting. It makes sense to me that people over 75 would have more wealth today than

Odysseus

5/27/20 9:09am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad