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

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May 27, 2020
8:24:22am

grosven All-American

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

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grosven

Bio page: grosven
Joined: Aug 13, 2009
Last login: Apr 24, 2024
Total posts: 13,265 (41 FO)

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Messages

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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

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